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Specialty insurance firm offers policies to cover cyber liability and breach response

Posted On: Oct. 7, 2015 12:00 AM CST

Berkshire Hathaway Specialty Insurance said that it has launched two policies which provide cyber liability and breach response coverage with risk management resources in the U.S., Berkshire Hathaway said in a statement.

Only the Professional First Professional Liability and Network Security & Privacy Policy include errors and omissions liability coverage.

Both policies include coverage for third-party exposures resulting from data security and privacy breaches, breach expense and extortion threat coverage, media liability coverage, and coverage to pay lost income and related expenses resulting from the policyholder’s business’ partial or full interruption due to a network security failure, according to the statement.

Additionally, policyholders will have access to eRiskHub, an online hub which provides resources to help policyholders understand cyber exposures and help them establish a response plan to breaches, according to the statement.

“Our experienced professional liability team is providing solutions to simplify for customers the complex work of managing professional liability and cyber exposures,” Danielle Librizzi, senior vice president, head of professional liability, said in the statement.