Encino, Calif.-based NAS Insurance Services has a new network security insurance called NetGuard, which covers allegations against an insured such as breach of privacy, identity theft, etc.
NetGuard includes gvernment investigations defense cost insurance such as government investigations into HIPAA and other federal or state violations. The program also provides data recovery costs insurance, covering recovery of electronic data lost by hacking, computer virus attack and other systems invasions.
NetGuard is available to specialty carriers to provide their insureds with ancillary insurance protection. Various structures and limits are available. NAS works with reinsurance intermediaries to structure program for their clients.
The insurance is provided by Lloyd’s of London. For information, e-mail at rrobin@nasinsurance.com.
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