Euclid Managers Launches New Internet, Tech and Media Liability Products and Opens Branch Office in Kansas City, Missouri
Euclid Managers announces the launch of three new professional liability products: internet liability, technology liability and media liability. All three new products were developed by Euclid ManagersÂ’ new Kansas City team. Currently available on a non-admitted basis, all products are backed by Hudson Insurance.
Itasca, IL (PRWEB) January 8, 2004
Euclid Managers Launches New Internet, Tech and Media Liability Products and Opens Branch Office in Kansas City, Missouri
Euclid Managers announces the launch of three new professional liability products: internet liability, technology liability and media liability. All three new products were developed by Euclid ManagersÂ’ new Kansas City team. Currently available on a non-admitted basis, all products are backed by Hudson Insurance.
“Not only are we pleased to provide a new market alternative for the agent and broker community,” says John Colis, president and CEO of Euclid, “we believe these new products are the next generation of coverages for today’s high tech world.” All products are customizable—featuring the option to add additional covered services directly on the policy forms. All products provide coverage for the insured’s own website activities. All products provide coverage for not just the traditional materials such as print and audio but also for new age materials such as digital code, masked works, scents, sounds, tastes, or textures.
“While all three products are united in their contemplation of the role technology now plays in every company,” says Mark Hutchins, vice president Euclid, Kansas City branch, “they’re also strategically focused on the individual needs of each industry.” For example, The Disseminator™ content (media) liability form addresses a media company’s traditional concerns including protection for confidential sources and newsgathering activities as well as providing Errors & Omissions (E&O) coverage. The E&O coverage built into the product is designed to address all of a media company’s covered services and is not limited to just their broadcast or published material.
The ClickStream™ connected services (internet) liability and HyperDrive™ technology liability policies both offer security protection, including protection for an insured’s failure to prevent identity theft or credit/debit card fraud. In addition, both policies feature coverage for personal injury perils and content (e. g. copyright and trademark infringement) as well as E&O protection. “The risks modern technology companies and technology users face can no longer be mitigated with straight E&O coverage,” says John Whall, vice president, Euclid, Kansas City branch. “They need access to internet liability and technology professional liability policy forms with the E&O, security, content, and personal injury protections built in.”
The three new policies are drafted in a style reflective of Euclid’s new Kansas City team and the industries they serve. For example, gone is the traditional terminology of “wrongful act” and in its place lies Blips, Bloopers and Glitches. “These terms are more user friendly, says Laura Johnson, vice president, Euclid, Kansas City branch. “We design our products for the buyer. The exclusions section of our policy is labeled ‘Not Covered’ because that’s what it is. Insurance contracts are serious business but they don’t have to be completely dry.”
All underwriting and claims administration for the three new products will be handled in Kansas City. For more information, contact: Marcia Jenson, 816.448.3263, cell 913.620.5474, e-mail mjenson@euclidmanagers. com
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Euclid Managers is a division of Euclid Insurance Services, Inc. Founded in 1952, Euclid Insurance Services, Inc. now has over 5,000 customers and annual revenues in excess of $17 million. The firm is a full-service agency offering a wide range of property, casualty, life, accident and health insurance products to individuals and businesses.
Hudson Insurance specializes in primary and excess insurance programs. Programs are offered on an admitted and non-admitted basis through Hudson Insurance Co. and Hudson Specialty Insurance Co., both rated “A” (Excellent) by A. M. Best Company. Hudson Insurance is the brand name for OdysseyRe’s U. S. Insurance Division. OdysseyRe is a leading worldwide underwriter of property and casualty reinsurance and specialty insurance with over $1.4 billion in policyholders' surplus.
Contact:
Marcia Jenson
Euclid Managers, LLC
Kansas City, MO
Phone: 816.448.3263, Cell: 913.620.5474
Mjenson@euclidmanagers. com
Www. euclidmanagers. com
