Great American improves cyber risk product
Great American Insurance Group and RPX Insurance Services , a wholly-owned subsidiary of RPX Corporation, have announced the availability of patent infringement defense coverage as part of Great American’s Risk e-Business Cyber Risk Insurance Policy. This coverage will be included for policyholders selecting Technology Errors & Omissions (E&O) coverage. The patent risk coverage element will be underwritten by Great American Insurance Company and Great American Fidelity Insurance Company, with claims management services provided by RPXIS.
“Great American’s Risk e-Business Cyber Risk Insurance Policy is an ideal vehicle to bring RPXIS expertise to the Tech/Cyber Insurance Market. Technology companies in particular face unique and complex intellectual property risks, and we look forward to working with Great American’s agents, brokers and policyholders to address them.” – Rob Kingsley, President of RPX Insurance Services.
Great American Insurance Group has been writing cyber risk insurance since 2007 and began writing Tech E&O coverage in 2019. The agreement with RPXIS is a natural progression of the company’s Cyber Risk product offering to better meet the growing and changing needs of its technology customers.
“RPXIS brings a proven ability to help clients manage risk. At a time when many cyber risk insurance carriers are pulling back and reducing coverage, we’re very excited to make Risk e-Business an even broader, more comprehensive product offering. We are proud to collaborate with an industry leader like RPXIS.” – Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk.