Devon Park Specialty’s Errors and Omissions, Media and Privacy (EMP) product targets a broad range of miscellaneous professionals and technology companies with up to $500 million in annual revenue. EMP is now offering the following coverages.
Higher limits for existing coverages:
- System failure: $5 million limits
- Dependent business interruption: $5 million limits
New coverages available via endorsement:
- Bricking/Hardware replacement costs
- Replaces computer hardware damaged as a result of a security breach
- Now included in our privacy breach expense coverage, with limits up to $5 million available
- Cryptojacking/Utility fraud
- Covers the utility expenses when an insured’s system is hacked and used for mining cryptocurrencies (e.g., Bitcoin)
- Included in our telecommunications fraud coverage, with limits up to $500,000 available
- Voluntary and intentional shutdown
- Provides business interruption coverage for a voluntary shutdown of computer systems during a security breach
- Limits up to $5 million available
- Criminal reward
- Provides a fund for information leading to the arrest of a criminal who causes a covered claim or cyber event
- Limits up to $100,000 available
As a reminder, we also offer invoice manipulation coverage, which covers insureds when their clients or vendors are tricked by hackers into sending payments to a third party for services rendered by the insured. This coverage is included in our base form as part of our social engineering fraud coverage, with limits up to $500,000 available.
Contact your Devon Park Specialty underwriter today for more information.
