Integrity+
Software Developers, Technology and Network Service Providers, and Hardware Manufacturers face a business environment best
characterized by its interconnectedness with the world, rapid technological change, ever-increasing regulation, intense competition
and demanding customers. Consequently, you face an ever-widening array of potentially costly risks.
- Your software application fails and creates havoc with your customer’s systems
- The security feature in your software fails to prevent unauthorized access due to a defect
- Your subcontractor manufactures and ships on your behalf, a defective product spurring claims for financial injury
- Your private cloud services are interrupted when an important piece of hardware fails, temporally suspending your customers
business operations
- Your largest customers are sued for copyright infringement of source code embedded in a mission critical software application
you have licensed them to use
- You become embroiled in a foreign trademark dispute
- A contracted programmer distorts personal customer records
Product Highlights
Integrity+ offers important financial protection through a single, blended insurance policy that addresses potentially costly economic
injuries:
Product or Service Financial Injury (Errors & Omissions)
- Financial injury arising from defects, deficiencies or failure to perform pursuant to a performance contract
Technology -Related Injury (Intellectual Property, Privacy and Media)
- Infringement of intellectual property
- Violation of a person’s right of privacy and publicity
- False arrest, false detention, or malicious prosecution
- Libel, slander and product disparagement
- No internet or media-type business exclusions
Privacy Remediation Expense
- Reimbursement of expenses incurred to comply with the myriad state, federal and foreign laws notifying customers of a privacy
data breach
Product Features
Broad policy features also help eliminate potential insurance gaps:
- Definitions of “your product” and “your service” include any of the insured’s products and services
- Data security related to the insured’s products or services and whether the suit is brought by a customer, government entity
or by individuals
- Protection is offered for traditional media liability exposures and those also related to the insured’s products or services,
such as infringement of copyright ( including computer code) trade dress, and mask works
- Our policy responds to the economic injury suffered by another person or organization for the use of the insured’s infringing
products or service(consequential injury)
- First party privacy breach remediation expense includes notification, credit monitoring, advertising, and public relations
expenses
- Worldwide territory
For almost 50 years, Chubb was one of the first insurers to recognize technology companies as a distinct industry with unique
characteristics and exposures. With a group dedicated to this specialty that connects enterprise – wide products with support
by dedicated claim and loss control services, Chubb has the expertise to help you manage risk.
Learn more about:
|
