RICHFIELD, Ohio, Aug. 18, 2016 (GLOBE NEWSWIRE) -- National Interstate Insurance Company, a leading provider of transportation and specialty insurance, recently launched a new cyber liability and data breach response policy as a part of its commercial lines product portfolio.
The cyber liability and data breach response policy was developed to address the growing threat of malicious cyber-attacks and employee errors that could lead to a sizeable loss. Companies of all sizes in the transportation industry handle sensitive data, including customer and employee personal information that could be a target for cyber hackers. The policies provide coverage for certain economic losses if the company is a victim of a breach. Pricing and coverages vary by state.
“Just one data breach can destroy critical customer information as well as a company’s finances, reputation, and future business endeavors. In response, we are very pleased to bring National Interstate customers this value-added coverage to help assist them should they be faced with one of these costly and complex situations,” said Jim Parks, Vice President and Chief Underwriting Officer at National Interstate. “Our policies not only provide coverage for financial losses caused by a security breach or associated lawsuits, they also include unique crisis management and public relations services which are critical for maintaining a company’s good standing after an incident. Customers who purchase the policy also have access to a risk management website that contains specialized educational tools and resources. Given that each business and its risks are unique, we offer a wide range limits from $50,000 up to $1,000,000. Simply put, this is protection today’s business owners cannot afford to be without.”
For more information on cyber liability and data breach response insurance, please contact John Rich, Underwriting Director - General Liability, at john.rich@natl.com or 800-929-1500 x1356.
About National Interstate
An Insurance Experience Built Around You
National Interstate Insurance Company, a wholly owned subsidiary of National Interstate Corporation, is a specialty property and casualty insurance company with a niche orientation and focus on the transportation industry. We differentiate ourselves by offering insurance products and services designed to meet the unique needs of targeted insurance buyers. Products include insurance for passenger, moving and storage, and truck transportation companies, alternative risk transfer, or captive, insurance programs for commercial risks, specialty personal lines consisting of insurance products focused primarily on recreational vehicle owners, and transportation and general commercial insurance in Hawaii and Alaska. National Interstate and its insurance subsidiaries, which include Vanliner Insurance Company, National Interstate Insurance Company of Hawaii, Inc., and Triumphe Casualty Company, are rated "A" (Excellent) by A.M. Best Company. Founded in 1989, we are headquartered in Richfield, Ohio with operations in Kapolei, Hawaii, and Fenton, Missouri.