Zurich, a property and casualty insurance provider, has introduced an enhanced Errors & Omissions (E&O) coverage Pro Plus policy, to address the needs of business professionals, including consultants, and media and information technology customers.
According to Zurich, the new liability policy provides limits of up to $10m and offers coverages for qualified customers including media liability coverage, the ability to cover professional liability and security and privacy exposures together under a single limit, and defense costs for privacy-related regulatory proceedings.
In addition, the new policy offers, consumer redress funds coverage following a privacy breach, 90-day automatic extended reporting period and 25% automatic acquisition threshold.
Lori Bailey, vice president of Zurich Integrated Products at Zurich, said: “We’re pleased to offer Zurich Pro Plus to a wide variety of organizations, from small-to-mid-size companies to Fortune 500 businesses.
“Zurich has also developed a wide range of industry endorsements for the Pro Plus policy that build in custom definitions and conditions unique to specific professionals, such as real estate brokers, property managers, franchisers, home inspectors, and third party administrators, to name just a few.”