No

Hanover Technology Professional and Cyber Advantage

A sophisticated solution for complex tech risks

Our Hanover Technology Professional and Cyber Advantage provides technology companies from start-ups to multinational firms with customized solutions and coverage.

Policy features

  • Technology errors and omissions (E&O) and cyber coverage form
  • Enterprise-wide definitions of “your product” and “your work”
  • Broad coverage territory, including the universe
  • Automatic 180 days of coverage for newly acquired or formed entities
  • Automatic waiver of subrogation
  • Liberalization clause included
  • Not subject to audit
  • Options for shared or separate aggregate limits

 

    Technology liability coverage highlights

    Cyber and privacy security liability

    • Failure to prevent unauthorized access to or unauthorized use, theft, loss, accidental release or publication of “confidential business information” or “personal information”
    • Failure to provide authorized user access to “your” “computer system”
    • Failure to prevent tampering with code or unintended transmission of a virus
    • Failure to comply with any provision in “your” “privacy policy” to protect “personal information” that is subject to “privacy law” or “breach notification law”
    • Broad definition of “privacy law”, including foreign privacy protection laws
    • Failure to provide notification of unauthorized access to or use of “personal information” as required by “breach notification law” that applies to “you”

     

    E&O Liability

    • Includes breach of warranty and representation

    Personal injury liability

    • Invasion, intrusion or interference with the right of privacy or publicity
    • Defamation, libel, slander, product disparagement, tort of mental anguish

    Media and content liability

    • Coverage for infringement or dilution of title, slogan, trademark, trade name, trade dress, service mark, service name or copyright
    • Definition of “content” which includes software code or other forms of expression

     

    Other important features

    • “Claim” includes a written request to toll or waive a statute of limitations
    • “Damages” includes punitive, multiplied or exemplary where insurable by law based on most favorable jurisdiction
    • “Employee” includes past or current “leased worker,” ”temporary worker” and “volunteer worker”
    • “Regulatory proceeding” includes civil investigation or proceeding by a government agency or authority seeking information, “fines and penalties” or “consumer redress funds”
    • Coverage for loss of use arising from a recall or withdrawal of “your” “product” or “work”
    • Coverage for mental anguish resulting from a “cyber and privacy security anomaly,” “media and content anomaly” and “personal injury anomaly”
    • No hammer clause
    • No exclusion for contractual liability
    • No exclusion for delay in delivery
    • Automatic additional insured status for agents, clients and independent contractors when required by contract
    • Right and duty to defend injunctive relief
    • Non-binding arbitration reduces liability retention by 50% or $10,000, whichever is less
    • Pre-claim expense - payments for potential “claims” do not apply toward the limit of insurance and retention unless and until the “claim” is made
    • Supplementary payments do not erode the limits of insurance.
    • Unlimited extended reporting period option

     

    First-party cyber coverage 

    Coverage highlights

    • Separate retentions applied to losses resulting from a related “first party incident” and “third party anomaly” will not exceed the largest applicable retention
    • Security breach notification and remediation
    • Data and systems restoration
    • Cyber extortion response costs

     

    • Business income loss and extra expense
    • Contingent business income loss and extra expense
    • Funds transfer fraud
    • Computer fraud
    • Telecommunications fraud
    • Public relations
    • Cyber breach or extortion reward to pay informants who provide information leading to the capture and conviction of a “hacker”

     

    Optional endorsements

    • Payment card expense coverage
    • Reputational harm expense coverage
    • Business income loss and extra expense coverage – system failure
    • Contingent business income loss and extra expense coverage – system failure
    • Social engineering coverage

     

    Product is available in most states. Contact your local sales manager or underwriter for more information.
     

    Contact your Hanover team

    Property, casualty, errors and omissions

    Will Lannuier
    Regional Technology Director
    714-415-3805
    wlannuier@hanover.com
    Southern California and North Pacific Regions

    Amy Meller
    Regional Technology Director
    630-521-8474
    ameller@hanover.com
    Midwest and Great Lakes Regions

    Jason Panagiotou
    Regional Technology Director
    508-855-3297
    Jpanagiotou@hanover.com
    Northeast, Metro and Mid-Atlantic Regions

    Nick Paschal
    AVP/Regional Technology Director
    214-403-1850
    npaschal@hanover.com
    Central, South Central and Southeast Regions

    John McLaughlin
    Regional Technology Director
    404-216-0784
    jmclaughlin@hanover.com
    Mid-Atlantic and Southeast Regions

     

     

     

     

     

    Management liability

    Jon Martin
    VP, Distribution Management
    269-240-8118
    jonmartin@hanover.com

    Marine and industrial property

    Chris Zaneski
    VP, Distribution Management
    240-638-5706
    czaneski@hanover.com

     

    No

    Hanover Technology Professional and Cyber Advantage

    A sophisticated solution for complex tech risks

    Our Hanover Technology Professional and Cyber Advantage provides technology companies from start-ups to multinational firms with customized solutions and coverage.

    Policy features

    • Technology errors and omissions (E&O) and cyber coverage form
    • Enterprise-wide definitions of “your product” and “your work”
    • Broad coverage territory, including the universe
    • Automatic 180 days of coverage for newly acquired or formed entities
    • Automatic waiver of subrogation
    • Liberalization clause included
    • Not subject to audit
    • Options for shared or separate aggregate limits

     

      Technology liability coverage highlights

      Cyber and privacy security liability

      • Failure to prevent unauthorized access to or unauthorized use, theft, loss, accidental release or publication of “confidential business information” or “personal information”
      • Failure to provide authorized user access to “your” “computer system”
      • Failure to prevent tampering with code or unintended transmission of a virus
      • Failure to comply with any provision in “your” “privacy policy” to protect “personal information” that is subject to “privacy law” or “breach notification law”
      • Broad definition of “privacy law”, including foreign privacy protection laws
      • Failure to provide notification of unauthorized access to or use of “personal information” as required by “breach notification law” that applies to “you”

       

      E&O Liability

      • Includes breach of warranty and representation

      Personal injury liability

      • Invasion, intrusion or interference with the right of privacy or publicity
      • Defamation, libel, slander, product disparagement, tort of mental anguish

      Media and content liability

      • Coverage for infringement or dilution of title, slogan, trademark, trade name, trade dress, service mark, service name or copyright
      • Definition of “content” which includes software code or other forms of expression

       

      Other important features

      • “Claim” includes a written request to toll or waive a statute of limitations
      • “Damages” includes punitive, multiplied or exemplary where insurable by law based on most favorable jurisdiction
      • “Employee” includes past or current “leased worker,” ”temporary worker” and “volunteer worker”
      • “Regulatory proceeding” includes civil investigation or proceeding by a government agency or authority seeking information, “fines and penalties” or “consumer redress funds”
      • Coverage for loss of use arising from a recall or withdrawal of “your” “product” or “work”
      • Coverage for mental anguish resulting from a “cyber and privacy security anomaly,” “media and content anomaly” and “personal injury anomaly”
      • No hammer clause
      • No exclusion for contractual liability
      • No exclusion for delay in delivery
      • Automatic additional insured status for agents, clients and independent contractors when required by contract
      • Right and duty to defend injunctive relief
      • Non-binding arbitration reduces liability retention by 50% or $10,000, whichever is less
      • Pre-claim expense - payments for potential “claims” do not apply toward the limit of insurance and retention unless and until the “claim” is made
      • Supplementary payments do not erode the limits of insurance.
      • Unlimited extended reporting period option

       

      First-party cyber coverage 

      Coverage highlights

      • Separate retentions applied to losses resulting from a related “first party incident” and “third party anomaly” will not exceed the largest applicable retention
      • Security breach notification and remediation
      • Data and systems restoration
      • Cyber extortion response costs

       

      • Business income loss and extra expense
      • Contingent business income loss and extra expense
      • Funds transfer fraud
      • Computer fraud
      • Telecommunications fraud
      • Public relations
      • Cyber breach or extortion reward to pay informants who provide information leading to the capture and conviction of a “hacker”

       

      Optional endorsements

      • Payment card expense coverage
      • Reputational harm expense coverage
      • Business income loss and extra expense coverage – system failure
      • Contingent business income loss and extra expense coverage – system failure
      • Social engineering coverage

       

      Product is available in most states. Contact your local sales manager or underwriter for more information.
       

      Contact your Hanover team

      Property, casualty, errors and omissions

      Will Lannuier
      Regional Technology Director
      714-415-3805
      wlannuier@hanover.com
      Southern California and North Pacific Regions

      Amy Meller
      Regional Technology Director
      630-521-8474
      ameller@hanover.com
      Midwest and Great Lakes Regions

      Jason Panagiotou
      Regional Technology Director
      508-855-3297
      Jpanagiotou@hanover.com
      Northeast, Metro and Mid-Atlantic Regions

      Nick Paschal
      AVP/Regional Technology Director
      214-403-1850
      npaschal@hanover.com
      Central, South Central and Southeast Regions

      John McLaughlin
      Regional Technology Director
      404-216-0784
      jmclaughlin@hanover.com
      Mid-Atlantic and Southeast Regions

       

       

       

       

       

      Management liability

      Jon Martin
      VP, Distribution Management
      269-240-8118
      jonmartin@hanover.com

      Marine and industrial property

      Chris Zaneski
      VP, Distribution Management
      240-638-5706
      czaneski@hanover.com