Allied World US, a subsidiary of Allied World Assurance Company Holdings(AWH), has introduced a new product, dubbed Techtonic//5.0, to offer combined coverage for a wide range of evolving exposures in Errors & Omissions (E&O) and Privacy markets.
The newly launched product offers an option to Allied World insureds for procurement of consolidated coverage incorporating miscellaneous professional liability (MPL) capabilities, simultaneously leveraging the existing Tech E&O, Privacy & Network Security and Media suite of products.
Using Techtonic//5.0, the insureds will also be able to customize and build a broad spectrum of coverages that addresses their specific exposures and risk purchase requirements.
In addition, the customers will be provided with an ability to select different limits and retentions between available coverages.
Allied World US Professional Liability senior vice president Al Fantuzzi said the Techtonic//5.0 has been designed as a dynamic coverage solution to meet modern day exposures that are existing within the Tech, Privacy and MPL services marketplace.
Allied World Assurance, through its subsidiaries, offers property, casualty and specialty insurance and reinsurance solutions, through a global network of offices and branches.