ThinkRisk Announces [in]TELLIGENCE℠
New York, NY, 6/12/13 – Technology continues to transform businesses everywhere. Recent surveys have reported that more than half of small to mid-size U.S. firms have already experienced at least one data breach. The risks are increasing every day as most companies process credit card transactions, store and disseminate sensitive employee/client information and data in the course of their normal operations. Media and advertising-related exposures have grown significantly as businesses take on roles once reserved for traditional advertising agencies. The explosion of digital and social media including blogs, sophisticated interactive websites and the increasingly common use of images, music, pictures, and videos to promote products/services has exposed businesses of all sizes to advertising and media-related litigation.
ThinkRisk’s newest product – [in]TELLIGENCE℠ – was developed to address these evolving and often overlooked operational exposures. [in]TELLIGENCE℠ offers robust advertising, content, data security and privacy coverage to a broad spectrum of business segments including: Main Street brick and mortar, ecommerce, professional service providers, municipalities/public entities, not-for-profit organizations, complex healthcare firms, etc. – on an admitted basis in most states.
The program is offered through an underwriting partnership with an “A” rated carrier. Program limits up to $5M are available with deductibles starting as low as $1,000. Eligible businesses and organizations include those with up to $50M in annual revenues or assets and those that collect, store, manage or process up to 1M unique individual records.
[in]TELLIGENCE℠ offers:
- Advertising, content, data security and privacy coverage — all under one policy.
- Unique diminishing deductible feature in the event of a data breach, which allows for a 50% retention reduction if the insured elects to use the program’s designated breach notification vendors.
- Extensive protection for an insured’s advertising, content and media exposures for communicative material of any kind.
- Coverage for all forms of data, whether online or off-line, electronic or paper.
Given its streamlined underwriting process, the program is ideal to help cross sell a broad range of different portfolios of admitted Business Owners (BOP) and Package policies as well as traditional Professional/Management Liability policies.
ThinkRisk is a part of Ryan Specialty Group, a global organization which includes a select group of highly-specialized underwriting companies, a wholesale brokerage, a Lloyd’s insurer and other specialty services designed specifically for agents, brokers and insurers. www.ryansg.com
For more information about the program, visit www.intelligenceins.com or contact:
Reza Khan, CPCU
Executive Vice President
ThinkRisk Underwriting Agency, LLC
347 W. 36th Street, Suite 203, New York, NY 10018
Cell: 646.467.4266
rkhan@thinkriskins.com
*PLEASE NOTE: These descriptions are for informational purposes only. Please refer to the insurance policy and endorsements or riders for actual terms and conditions.