FARMINGTON, Conn., July 8 /PRNewswire-FirstCall/ -- Beazley Group plc (BEZ.L) announced today the introduction of MPL Secure, a miscellaneous professional liability and network security liability policy form designed to provide state of the art coverage that fits the growing needs and exposures of today's marketplace.
"We have streamlined and improved our miscellaneous professional liability form to adjust to the expanding needs of our clients and their exposures," said David Molitano, MPL product manager. "Among the improvements, we have provided embedded network security, full worldwide coverage, and we have reduced the number of exclusions. We will also be offering General Liability coverage and/or an additional claims expenses limit by endorsement for an additional premium."
MPL Secure has been carefully designed to provide optimal protection for a wide range of businesses. Other benefits include:
-- Personal injury coverage
-- Punitive damage grant with most favorable venue wording
-- Coverage for unintended breach of contract
-- Softening of settlement clause
-- Defense of claims for fraud, dishonesty, etc., with innocent insured coverage
Limits of up to $20 million are available.
Note to editors:
Beazley Group plc (BEZ.L), based in London, is the parent company of global, specialist insurance businesses with operations in the UK, US, France, Singapore and Hong Kong. Beazley manages two Lloyd's syndicates (Syndicate 2623 and Syndicate 623) with aggregate underwriting capacity in 2008 of 814m pounds Sterling (US$1.6bn). Both syndicates are rated A by A.M. Best. In the US, Beazley's underwriters focus on writing specialist insurance products in the admitted market, backed by Beazley Insurance Company, Inc., an admitted carrier in all 50 states; and surplus lines risks, backed by the Beazley syndicates at Lloyd's. Beazley Insurance Company, Inc. is rated A by A.M. Best.
Beazley is a market leader in many of its chosen lines, which include professional indemnity, commercial property, marine, reinsurance, and personal lines.
For more information please go to: www.beazley.com
SOURCE Beazley Group plc
International News / Press Release source: PR Newswire
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