ONEBEACON BROADENS @VANTAGE® FOR INFORMATION TECHNOLOGY SOLUTION

If you are a member of the media, or to schedule an interview with one of our experts, please contact Corporate Communications at 480.355.8500 or by email at media@identitytheft911.com.

Print Version (PDF)

Media Contacts:
Vickie Malis
Identity Theft 911
480.355.8500 - office
480-316-0211- mobile
vmalis@identitytheft911.com

Carmen Duarte
OneBeacon
781.332.7268 - office
cduarte@onebeacon.com

 
ONEBEACON BROADENS @VANTAGE® FOR INFORMATION TECHNOLOGY SOLUTION

OneBeacon Technology Group, part of the OneBeacon Insurance Group (NYSE: OB), today announced significant enhancements to its @vantage® for Information Technology product designed for hardware, software and telecommunications companies.

“Our enhanced solutions bridge coverage gaps that exist between other forms available in the market today,” said Matt Mueller, president of OneBeacon Technology Group. “We regularly strengthen our products, which are built on the deep expertise of our underwriting, claims and risk control specialists, to provide a robust, committed market for our distribution partners.”

Two primary coverage areas have been broadened to recognize the continually emerging risks technology firms face today. With OneBeacon’s custom Data Privacy Protection, policyholders receive coverage for their potential failure to protect their clients’ private data and for costs associated with responding to data breaches, whether they occur in written or electronic form. Furthermore, OneBeacon provides dedicated services to help its customers mitigate potential incidents and to notify affected parties should a breach occur, including identity restoration case management and other specialized services provided by Identity Theft 911®. Additional coverage extensions are also available such as proactive monitoring services, data breach ransom, data breach reward and more.

A second enhancement focuses on @vantage® for Information Technology’s errors and omissions protection that provides financial protection to the policyholder and its clients for the policyholder’s failure to perform. @vantage Technology Errors & Omissions offers essential protection, while the broader @vantage Plus version of the product delivers more specialized coverages.

OneBeacon Technology Group offers first- and third-party worldwide insurance solutions for the Information Technology and Medical Technology sectors. InfoTech coverages feature professional liability, data privacy, products liability, and property and business income targeting the software, hardware manufacturing and telecommunications service industries. MedTech offerings include products and general liability as well as human clinical trials, property and business income well suited for manufacturers of diagnostic and therapeutic medical devices, veterinary products and biologic devices.


About OneBeacon:
OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under the symbol “OB”. OneBeacon Insurance Group’s underwriting companies offer a range of insurance products sold through select independent agents, regional and national brokers, and wholesalers. The company’s ongoing businesses include OneBeacon Professional Insurance, International Marine Underwriters, Entertainment Brokers International Insurance Services, Specialty Accident and Health, OneBeacon Government Risks, OneBeacon Energy Group, A.W.G. Dewar (tuition refund), collector cars and boats written through Hagerty Insurance Agency, OneBeacon Technology Group, OneBeacon Financial Services, OneBeacon Specialty Property, Property and Inland Marine and AutoOne.

As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance Company. Today, OneBeacon’s specialty insurance businesses are national in scope while personal lines business is concentrated in the Northeastern United States.


About Identity Theft 911®
Protecting more than 30 million Americans, Identity Theft 911 is a leader in identity management and identity theft remediation and resolution solution services to businesses and consumers on behalf of its 450 client institutions, as well as in comprehensive data breach preparedness (including incidence response plans), compliance, and notification and remediation services that are currently found in more than 150,000 businesses.

Identity Theft 911 provides innovative, enterprise-level solutions and consumer education to Fortune 500 companies and emerging markets, many of America's largest insurance carriers, corporate benefit providers and a wide spectrum of other financial institutions, including banks and credit unions.

For more information, visit www.identitytheft911.com or Identity Theft 911’s Knowledge Center™ at www.identitytheft911.org.