What is Esurance™?
Esurance™ is an award winning insurance product that has been designed for any company that is becoming increasingly reliant on email use, the internet and the connectivity of computer systems.
Traditional insurance policies do not cover many new areas of risk, so Esurance™ fills these gaps in cover.
More than just an insurance policy.
Esurance™ protection includes access to a range of professionals.
Cover includes*:
Claims made by third parties…
- for damage to their computer systems and/or records (for example, through forwarding a virus or through your employees’ hacking activities)
- for their losses as a result of your computer systems being inaccessible or as a result of you losing their data
- for breaches of confidentiality or rights of privacy (for example, a breach of the Data Protection Act)
- for libel and slander due to email or web site content
- for breaches of intellectual property rights due to email or web site content
- for misleading advertising, misleading pricing or jurisdictional issues
- for any errors or omissions in the provision of technology services to your clients
Claims made by your employees…
- for an inappropriate workplace (for example, sexual or racial harassment charges due to email content or internet use)
- for breaches of confidentiality due to you misusing their employee information
Your own losses…
- the costs incurred in repairing the damage caused to your computer systems and finding, replacing or restoring your computer records as a result of a hack attack or virus
- your lost revenue due to your inability to conduct trade electronically as a result of a hack attack or virus
- ransom demands or threats to introduce a virus or hack into your computer systems, or to disseminate the data you hold on your computer systems to third parties.
- your losses as a result of third parties using your computer systems to steal your money
- your legal expenses incurred in the enforcement of your intellectual property rights on the internet
- the costs of a public relations consultant to mitigate the damage to your reputation as a result of any loss that is covered under the policy
Esurance™ in practice…
For example, if your company suffers a bad virus attack, Esurance™ can help in up to four ways:-
Esurance™ will pay for the costs of expert IT or forensic consultants to repair your systems and restore your data
Esurance™ will reimburse you for any of your lost revenue as a result of your downtime
If a third party holds you responsible for their losses (either because you forwarded the virus to them, or because they relied on your computer systems’ uptime to trade) then Esurance™ will pay your legal costs and any damages that are awarded against you
Esurance™ will pay for the costs of a PR consultancy to minimise the damage to your reputation
TechProtect™
TechProtect™ is a liability package policy that has been specifically designed to cater for the insurance needs of technology companies worldwide. TechProtect™ includes CFC’s widely-respected professional indemnity cover, which is sold by brokers in over 15 countries and has many unique features.
TechProtect™ is available to most types of technology business, except internet service providers and telecommunications companies. Overseas sales or offices are not a problem, even if they are in the United States, and many higher-risk technology companies can also be considered.
Service
At CFC we pride ourselves on our unrivalled service levels. You can deal directly with the experts, meaning that you get fast decisions. We issue over 90% of quotes within 24 hours and over 90% of policies within 14 days.
Cost effective
Premiums for TechProtect™ start from as little as GBP 500 (or other currency equivalent), with limits of up to GBP 5,000,000 (or other currency equivalent) available.
TechProtect™ includes …
- Extremely broad professional indemnity insuring clause including claims made by third parties for:
- negligent act, error or omission, negligent misstatement or negligent misrepresentation
- unintentional breach of any implied statutory term concerning necessary quality, safety or fitness
- unintentional breach of a contractual duty to use reasonable care and skill
- unintentional breach of warranty of authority, breach of duty, breach of confidence, breach of privacy
- unintentional breach of a written contract with a client to design, produce or supply software, hardware or electronic equipment
- unintentional infringement of intellectual property rights (except patent)
- libel, slander, defamation or passing off
- dishonesty of employees
- Cover for professional indemnity claims made in the United States as standard.
- Public liability, products liability and pollution liability.
- No conditions precedent, due observance or other warranties.
- No cost guarantee exclusion, inherent defects exclusion or virus exclusion.
Softest, clearest, most concise policy language in the market: The TechProtect™ policy is less than half the length of most other wordings!
CareSurance™
CareSurance™ is a brand new liability package policy from CFC Underwriting that has been specifically designed to cater for the insurance needs of skilled, assisted and independent Long Term Care facilities (nursing homes) across America. Our target market includes everything from a small single-location nursing home to a large multilocation chain.
Risk ManagementCareSurance™ incorporates a unique risk management program which not only makes your client a better risk – it makes them money! One of the key features of the risk management program is the Data Integrity Audit (DIA) of your client’s Minimum Data Set (MDS) return for the government. By making the MDS return more accurate the DIA almost always results in your client receiving increased reimbursements from the government. For the vast majority of nursing homes the value of these increased reimbursements is more than double the cost of the risk management - a win-win situation!
ProcessDue to our advanced analytical techniques we can review any nursing home from just the name and address plus the claims history for the last five years. We are therefore able to provide quick and detailed indications with minimum information from you. To convert an indication to a firm quotation we require an application form, the financials and a complaints register to be submitted.
Cost EffectivePremiums for CareSurance™ can be very competitive. Our general approach is to reward the well-managed nursing homes with cheaper premiums as our analysis of the insurance market for nursing homes suggests that the virtuous homes pay too much. With our risk management package we can also help the homes that have had difficulties in the past improve their performance and therefore save money in the future.
Limits available are up to $5,000,000 per claim and $15,000,000 in the aggregate per nursing home, with deductibles as low as $10,000. Depending upon the details of the underlying insurances we can also consider excess layers.
CareSurance™ includes…- Professional and General Liability (including Products and Completed Operations Liability)
- Sexual Misconduct and Physical Abuse Liability
- Employee Benefits liability
- Tenants’ Liability
- Medical Expenses cover
- An incident sensitive trigger – a lawsuit does not have to be brought against the client for the policy to respond – it responds to any incidents which could give rise to a claim