Insurance Covers Data Breach Costs

HDM Breaking News, August 14, 2008

Members of the San Diego-based Premier Inc. purchasing alliance now can sign up for insurance to protect them against the expenses related to data breaches.

A unit of the alliance, Premier Insurance Management Services, Charlotte, N.C., is offering the “data privacy and network risk liability” insurance in partnership with Media/Professional Insurance, Kansas City, Mo. The insurance covers such expenses as crisis management, public relations and customer notification. It also covers expenses, fines and penalties arising from government and regulatory agency investigations into the handling of personal data.

Policyholders also qualify for data security risk management and planning advice, consultation and education from the law firm Sonnenschein, Nath & Roshenthal LLP.

More information is available at

premierinc.com.

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