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Issue: 2006-12-14 Darwin Expands Liability Product for Tech-Dependent Health Cos.FARMINGTON, Conn., December 14 – Specialty insurance company Darwin Professional Underwriters, Inc. has expanded its Tech//404, which is a liability product for health care organizations. The expansion, according to Darwin, is in response to increasing exposure to network security and data privacy losses. Tech//404 for health care organizations is designed for technology-dependent health care companies, Darwin said. According to the company, product coverage includes: Notification expenses under regulatory requirement to warn of security breaches; Fines, fees, or penalties arising from privacy or consumer protection errors; Errors and omissions for delivery of technology professional services; Network security protection, unauthorized access, and rogue employee coverage; Breach of privacy, including third-party liabilities; Malicious code, cyber-attacks, and inadvertent transmission of viruses; Optional contingent bodily injury, crisis management expense, and cyber extortion. Darwin explained that businesses eligible for Tech//404 for health care organizations include: ambulatory surgery centers; health care data processors; health care software providers; image delivery systems; long-term care facilities; physicians groups; hospitals; managed care organizations; third-party administrators; pharmacy delivery systems, and others. Tech//404 is also available for financial services, e-commerce, and technology companies, Darwin added. For more information, visit www.darwinpro.com. |
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