Markel Unveils new DataBreach Product

Markel Corp. (www.markelcorp.com) announced the launch of DataBreach(SM), its new information risk and privacy liability insurance product.

DataBreach(SM) helps businesses manage risk associated with their reliance on information technology systems as it relates to confidential information in their custody or care.

DataBreach(SM) was created in response to the increase in identity theft that has been plaguing businesses worldwide in the past few years. It provides coverage for liabilities arising out of the breach of a company's duty to protect confidential information, whether it's on their Web site, network, the hard drive of a laptop, or in a paper file. The coverage also extends to a businesses liability arising out of an employee's misuse of his/her access to confidential information.

Due to the rise in identity theft, in recent years the government has stepped in by imposing data privacy regulations upon businesses that store personal information. Given that, businesses that must comply with HIPAA, GLB and Red Flag rules would find DataBreach(SM) of particular value.

DataBreach(SM) offers many features, some of which follow:

-- Liability coverage for identify theft, breach of privacy, failure to protect confidential client data, transmission of spyware, viruses and other malicious code.

-- No sub-limit for defense of data privacy regulatory investigations.

-- Breach Mitigation coverage for notification, voluntary credit monitoring and public relations expenses

-- First party coverage for extortion, extra expense and restoration costs arising from an unauthorized access.

-- Electronic media coverage for non-media companies.