ACE Europe Expands IT Policy

The ACE European Group has launched an expanded IT hardware and network security policy, available exclusively online under the name ComputerGuardPlus. “The policy, which includes cover for the losses resulting from hacking, web site defacement, denial of service attacks and viruses, is being offered via the SSP Sector and Acturis broker platforms,” said the bulletin.

The expanded coverage combines ACE’s existing ComputerGuard policy, which provides all risk cover on IT equipment, “with cover for financial losses as a result of crime or accidental damage to data and systems. Brokers will be able to obtain quotes and bind cover, and organize mid-term policy adjustments directly online.”

Ian Harris, Senior Underwriter for ACE’s Technical Lines Department, commented: “An ACE sponsored survey of businesses across Europe, conducted by the Economist Intelligence Unit in 2006, revealed that a quarter of respondents had suffered losses as a result of computer crime – including forged emails and web sites and hacking. This level of financial exposure can have a significant impact on a company’s ability to trade and service customers and will ultimately hit their bottom line. ComputerGuardPlus can act as a safety net to cushion the financial impact of such a loss.”

ACE described ComputerGuardPlus as the latest addition to its range of products “designed to protect businesses from the financial losses relating to IT hardware and system problems. The range also includes ComputerGuard and DataGuard.

“ComputerGuard was launched in August 2005 to provide cover for losses as a result of damage to IT hardware. DataGuard helps to recover revenue and information corrupted or destroyed through crime or accidental damage.

Topics Europe