How confident are you in your Technology and Network Security coverage? Many basic coverages do not offer the specialized protection you need to cover your assets.
Cyber and Privacy
On May 25, 2018, the enactment of General Data Protection Regulation (GDPR) brings added exposure for any business with the potential of collecting personally-identifiable information on European Union (EU) citizens. Businesses who violate GDPR can lose up to 4 percent of revenue – not profit – with a cap of $31.3 million.
The stringent set of security and data processing standards protects the fundamental rights and freedoms of EU citizens’ personal privacy. Personal information being broadly defined constitutes an increased need for proper cyber coverage.
Burns & Wilcox can provide Cyber Liability Coverage and consultative resources to help ensure your clients are in compliance with evolving cyber regulations that carry hefty penalty fees.
Traditional policies can fail to address the new threats that media companies are facing today. The media industry is exposed to a range of risks, such as defamation, invasion of privacy and intellectual property rights infringements, to name a few.
Media Liability Coverage through Burns & Wilcox is tailored errors and omissions (E&O) liability insurance designed for publishers, broadcasters, and other media-related firms.
Burns & Wilcox, a leading insurance wholesaler, can help brokers and agents identify and limit the risks that clients are exposed to and develop a customized product that provides coverage that allows them to operate without worry.
Technology Errors and Omissions (E&O)
An electronics company recently paid $3.7 million in a settlement after producing internet-connected TVs that automatically tracked what consumers were watching and transmitted the data to its servers. Organizations are at greater risk for negligence claims and regulatory violations as cyber security and privacy measures are not keeping pace with advancements in technology.
Global IT spending is projected to reach $2.65 trillion by 2020, illustrating an enormous opportunity for you to capitalize by securing protection for your clients.
Technology Errors and Omission (E&O) Coverage from Burns & Wilcox can provide your clients with financial protection when held liable for errors, omissions or negligence in relation to their work involving hardware, software, the web and IT services.
At Burns & Wilcox our expertise becomes your expertise. Our marketing materials are designed to help you give your clients what they want to hear – yes to almost any hard-to-place-risk.
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