Insurance provider ACE Europe has launched Dataguard plus, an insurance solution for UK businesses which reflects the diversity of risks associated with e-commerce and the internet.
ACE Dataguard plus provides coverage for both first party exposures, such as business interruption as a result of a hacker attack, and third party exposures including intellectual property and privacy exposures associated with corporate websites and online commercial activity.
In order to ensure the balance sheet and assets of the insured receive the maximum protection at all times ACE Dataguard plus provides, under one policy, two independent towers of indemnity for both first and third party exposures.
According to ACE, exposures relating to data privacy are set to become a growing challenge for organizations of all sizes, fuelled by an increasingly litigious business environment and the growth in global business.
Gareth Tungatt, cyber risk senior underwriter at ACE, said: ACE Dataguard plus has been developed to provide a comprehensive cyber solution for businesses, addressing the full range of exposures and risks they face associated with the internet and e-commerce.