Zurich North America Commercial Expands Security and Privacy Coverage to Help Businesses Control Losses from Data Breaches and Cyber Attacks

Zurich Security and Privacy Protection Policy customers also have access to
independent loss and prevention services
SCHAUMBURG, Ill.--(Business Wire)--
Zurich North America Commercial announced today its enhanced and expanded
product to help businesses manage the financial and reputational risks of
cyberspace - the Zurich Security and Privacy Protection Policy.

The consequence of data breaches cost today`s business owners an average of $6.6
million per incident, and this cost is on the rise1, according to a study
conducted by an independent research institute. Zurich`s policy is designed to
help pay for the costs incurred while trying to recover from a data breach and
to help companies protect against the potential liabilities arising out of or
resulting from cyber-related incidents. In addition to data breaches, the policy
provides coverage for a broad range of network security and privacy risks, such
as unauthorized access or use of an insured`s computer system, alteration or
destruction of electronic data and denial of service attacks. The policy
provides both third party insurance including optional internet media liability
and optional first party coverages.

According to Brad Gow, senior vice president of Specialty Errors & Omissions for
Zurich North America Commercial`s Specialties business unit, the current
regulatory environment is creating an escalating exposure for companies, with
more stringent reporting requirements as well as media notification in numerous
jurisdictions. At present, more than 40 states, the District of Columbia and
numerous foreign jurisdictions have data breach reporting regulations with new
legislation being developed continually.

"Zurich`s coverage is expansive and designed to help protect business owners
from the vulnerabilities of business` digital infrastructure," said Gow. "Most
of the technologies making today`s workforce more efficient, including
smartphones, laptops, and external hard drives, are also making it easier than
ever for data breaches to occur. The fact is, the vulnerability of business
owners doesn`t only spring from hackers or cyber attacks. A vendor or an unhappy
employee can walk off with millions of records on a USB stick."

Zurich Security and Privacy Protection coverage provides a broad range of
critical third party and first party insurance coverage. This policy was
designed to help reduce the confusion that can result from dealing with multiple
policies helping to close the gaps in coverage existing today.

* Third party coverage:

* Security and privacy liability coverage, which includes limited coverage for
regulatory proceedings defense costs

* Internet media liability coverage (available as an option)

* Privacy breach costs coverage (available as an option):

* Covers certain legal and public relations expenses and forensic investigation
expenses of a company`s computer system to determine the cause or extent of a
privacy breach

* First party coverage:

* Business income loss and dependent business income loss

* Digital asset replacement expense

* Cyber extortion threat and reward payments

"Zurich brings the knowledge and experience to this field to identify,
understand and manage the risks facing our customers," said Seraina Maag,
president of Zurich North America Commercial`s Specialties business unit. "We
continually evaluate loss trends and the current risk environment to identify
the most common vulnerabilities that cause the greatest losses. Zurich`s
security and privacy product is designed to help our customers recover quickly
the greatest financial losses from the risks inherent in our Internet-dependent
economy." Zurich`s new policy is available to all major industries and offers
specialized protection for the particular vulnerabilities faced by financial
enterprises, healthcare industries, which need to comply with key regulations
such as the recently enacted HITECH Act, and technology firms.

As an additional level of support, Zurich customers will gain access for no
additional charge to NetDiligence`s eRisk hub, a Web-based resource for cyber
incident prevention and recovery service information. Zurich Security and
Privacy Protection customers will also be offered access to additional
prevention and recovery resources, such as these current offerings:

* Deloitte`s Digital Forensic and e-Discovery,
* National ID Recovery, and
* Identity Theft 911`s Security Breach Response.

"Combining state-of-the-art coverage with loss control and prevention
recommendations provided by independent third parties demonstrates Zurich`s
commitment to assisting our customers in all phases of their risk management
from risk awareness to mitigation to risk transfer," said Ty R. Sagalow, chief
innovation officer for Zurich North America Commercial.

For more information, go to http://www.zurichna.com/securityandprivacy.

About Zurich

Zurich`s North America Commercial and Global Corporate in North America business
divisions are part of ZurichFinancialServicesGroup (Zurich), an insurance-based
financial services provider with a global network of subsidiaries and offices in
North America and Europe as well as in Asia Pacific, Latin America and other
markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It
employs approximately 60,000 people serving customers in more than 170
countries. In North America, Zurich (www.zurichna.com) is a leading commercial
property-casualty insurance provider serving the global corporate, large
corporate, middle market, specialties and programs sectors.

This is intended as a general description of certain types of insurance and
services available to qualified customers through the companies of Zurich in
North America. Your policy is the contract that specifically and fully describes
your coverage. The description of the policy provisions gives a broad overview
of coverages and does not revise or amend the policy. Insurance coverages
underwritten by member companies of Zurich in North America, including Zurich
American Insurance Company. Certain coverages not available in all states. Some
coverages may be written on a nonadmitted basis through licensed surplus lines
brokers. Risk engineering services are provided by Zurich Services Corporation.

1 Ponemon, Dr. Larry., "Fourth Annual US Cost of Data Breach Study" Ponemon
Institute (January 2009),
http://www.ponemon.org/local/upload/fckjail/generalcontent/18/file/2008-2009%20US%20Cost%20of%20Data%20Breach%20Report%20Final.pdf

Media contact:
Jennifer Nowacki
Zurich
(847) 605-6511
jennifer.nowacki@zurichna.com

Copyright Business Wire 2009