The Navigators Group said that its underwriting agency subsidiary, Navigators Management Company, has launched its Convergence policy to provide professional liability coverage to IT consultants, software developers, business process outsourcing firms and providers of web-based services and other technology firms.
The company said that the Convergence policy covers ability to tailor additional professional services on the declaration, defense of privacy regulatory investigations and payment of regulatory restitution funds, and coverage for media that can extend to posts on blogs and social media sites made by the insured in the course of its business.
Michael Carr, vice president of technology and media at Navigators, said: “The exposures faced by technology providers, outsourced business service providers, telecommunications companies and media companies continue to merge.”
Christopher Alfieri, vice president of professional liability at Navigators, said: “We are excited to introduce this critical and important new product to the marketplace. Michael is a recognized leader in the Technology and Media Professional Liability market and we look forward to leveraging his substantial expertise to offer additional privacy, security and media products in the coming months.”
Headquartered in New York City, The Navigators Group is an international specialty insurance holding company with insurance company operations, underwriting management companies, and operations at Lloyd’s of London.