PRO and A&E : New errors and omissions policy for small business
Our highly successful range of insurance packages for small businesses, ProSurance, has had a complete makeover. Featuring enhanced cover, a rationalisation of existing wording variations, and a totally new look and feel, this product suite is now available for the first time ever outside of Canada and Australia.
ProSurance PRO is a comprehensive insurance package for small professional services firms with fee income below £5m (or local equivalent). Our leading-edge errors and omissions cover is combined with the other essential office coverages including general liability , property, and business interruption.
	ProSurance A&E is a tailored variant of the main product aimed specifically at small firms of architects and engineers. Recognising that many of the smallest A&E firms want to be able to buy comprehensive cover , quickly and efficiently, we've twinned our new product with our existing high levels of service to provide a credible alternative to the incumbent players in this market sector.
The best news is that over the coming weeks and months these products will be steadily rolled out across all the countries that we currently operate in. This month saw the release of PRO and A&E in the UK and Canada. We're also pleased to announce the launch of the E&O element of both of these policies in the US. Click here to request a copy of our PRO and A&E brochures or alternatively find out more from the link below:
Read more in the official press release

TECH: Ground breaking cover for technology companies
Since early 2000, CFC has specialised in the provision of insurance to technology companies. Through a process of constant innovation we have always aimed to stay one step ahead of the competition in this dynamic and constantly evolving market sector. With the launch of Esurance TECH we believe we have now taken a giant leap forward!
Recognising that the major source of claims for technology companies comes from breach of contract, we have attempted to tackle this thorny issue and provide clear, fair, and comprehensive cover for this major risk. By removing the standard contractual liability exclusion we are now able to provide cover for contractual warranties and indemnities, providing our brokers and clients with the confidence that their major exposures are properly covered.
In the UK and Canada we have also tailored the supporting office coverages, including general liability, property and business interruption, specifically for technology companies. This is the first time that this has been properly addressed, and recognises the fact that technology companies have some unique exposures in most insurance areas, not just their professional indemnity. Combined with our other innovative extensions, lack of exclusions, and broad civil liability wording, we feel our new TECH wording is genuinely best of breed! Click here if you would like to receive a copy of our TECH brochure.
Read more in the official press release

C&P: New cyber and privacy policy launched
When we first launched Esurance back in 2000 the buzz was all about computer viruses and hack attacks. Whilst these threats are still very real and constantly evolving and growing, there is now a new threat that is making all the headlines - privacy. Recognising this change of emphasis we are proud to announce the launch of C&P, our innovative new cyber and privacy liability policy.
When California first implemented their privacy breach notification law, the privacy liability landscape changed for ever. Now adopted in over 35 different states, these laws require companies to formally notify individuals who may have had their confidential data compromised. With over 245m US citizens affected since 2005, and the average cost of making a notification estimated to exceed $5 per person, this is rapidly becoming a major exposure for businesses who store data on US customers.
Nor is this a uniquely American problem. Similar privacy breach notification laws are starting to spread across the world and many legal experts predict that similar rules will be implemented within Europe in the next 12 months. Furthermore, recent high profile breaches, not least by the UK Government themselves, have highlighted the potential for significant civil liability and serious brand degradation that may arise following an inadvertent breach.
Esurance C&P is a comprehensive first and third party policy addressing the major risks facing companies that rely on the use of technology to run their day to day businesses. Available in over twenty countries across the world, this is rapidly becoming a major element of any company's commercial insurance programme. Click here to request a copy of our C&P brochure.
Read more in the official press release

Sinowal Virus : Bank details of 500,000 customers compromised
Highlighting the growing risk of privacy breaches, CFC recently commented on the Sinowal virus that has wreaked havoc across the internet in recent months. In total more than 500,000 individual's banking details were stolen in the UK, US, Australia and Poland.
Read more in this news article

Emerging Risks : Liability from Web 2.0
Social networking and user generated content are all the rage, however, many of these Web 2.0 technologies are presenting serious liability risks that are poorly understood within the insurance world. CFC recently commented on two high profile cases involving internet darlings YouTube and EBay.
Read more in this news article

Keen to learn more.....?
If you would like to discuss any of the products or ideas mentioned in this newsletter then please contact your current CFC account manager, designated wholesale broker, or e-mail Graeme Newman or call on +44(0)870 770 1002.