Argo Group International Holdings (AGII) unit Argo Pro has launched a new cyber liability insurance product, information & Professional Risk Playbooksm (iPRP) to address the exposures on information technology for businesses.
The firm has also introduced eRisk Hub portal in cooperation with NetDiligence to provide post-incident online services for clients.
Argo Pro senior vice president and head of E&O Underwriting Michael Carr said: "The iPRP product was designed to address these exposures for customers in any industry, including the professional liability exposure for firms that provide information intensive services to others."
iPRP coverage includes accountants, auto dealers; healthcare providers, insurance agents & brokers, TPAs and regional insurers; manufacturing, wholesale and retail businesses, professional & technology services firms, public entities, restaurants and trade associations.
In addition to providing coverage to privacy for unauthorised data access, 1st party coverage, Flexible breach mitigation solutions, iPRP also provides media coverage, defence expense coverage and will be underwritten on Colony Insurance Company paper on a non-admitted basis.
The eRisk Hub will assist Argo Pro policyholders in the prevention of network, cyber and privacy losses and support them in the timely reporting and recovery of losses if an incident occurs.