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”
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 and South Central 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
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”
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 and South Central 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