OneBeacon Insurance Group announces new solution for midsize businesses

Sep 04, 2008 (M2 EQUITYBITES via COMTEX) -- OB | Quote | Chart | News | PowerRating -- OneBeacon Insurance Group (NYSE:OB), a provider of property and casualty insurance products, declared yesterday (3 September) that the company has released a new product which is a combination of data breach protection with effective response services, for midsize businesses. Data Breach Recovery insurance includes Data Breach Recovery Expense coverage and Data Breach Services to help a business resolve an incident and inform the individuals affected, if a breach occurs.

Data Breach Recovery Expense provides coverage for specific expenses such as, cost of notification; forensic analysis; proactive monitoring services; legal services; public relations; third-party data breach; data breach ransom; and data breach reward. Data Breach Services include specialised response services provided by Identity Theft 911, which deals in identity management, for customers of the business that experiences a data breach and includes consulting services; a toll-free help line; fraud alert; and identity restoration case management. Policyholders, their employees and the employees' resident family members have an additional service endorsement and can take advantage of Identity Theft Resolution Services from Identity Theft 911 if they have a personal need for expert assistance with identity-related concerns, included in the policy.

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