Chartis enhances professional liability solution Specialty Risk Protector

Chartis has expanded its professional liability and data network security insurance solution Specialty Risk Protector.

According to Chartis, the enhanced policy provides customers access to additional protection for critical network security and privacy risks, flexibility in managing data breach events, and new tools to prevent losses.

The features of enhanced specialty risk protector includes: expanded coverage for business income or revenue losses; express coverage for losses arising from cyber-terrorism; coverage for civil fines and penalties imposed by governmental agencies; and assessments levied by credit card associations.

In addition, the professional liability policy also offers express coverage for claims, defense costs coverage for criminal proceedings, and options to purchase coverage for event management expenses.

The specialty risk protector package enables companies to bundle multiple coverages in one policy, including specialty errors and omissions liability, network security and privacy liability, event management, crisis management, network interruption, cyber extortion, media for publishers and broadcasters, media content liability, and employed lawyers professional liability.