Press — January 17, 2023
AscotPRO – a suite of Cyber & Professional Liability solutions has been built to protect against evolving cyber exposures and business threats facing today’s organizations. Alongside a comprehensive selection of offerings, the group also provides a variety of innovative pre breach tools and access to world class breach response providers. AscotPRO can create customized standalone or blended policies, including Cyber, Technology E&O, Media Liability, Miscellaneous Professional Liability and Lawyers’ Professional Liability. Our custom standalone, occurrence based multimedia liability offering is tailored to companies in the media space.
Ascot’s Cyber & Professional Liability Insurance Solutions are created to protect against evolving cyber exposures and business threats facing today’s organizations. We provide a variety of innovative pre-breach tools and solutions, with access to Ascot’s partnership, including world-class breach response providers. Ascot can create customized standalone or blended policies, including Cyber, Technology E&O, Media Liability and Miscellaneous Professional Liability. Our specifically-tailored standalone, occurrence-based multimedia liability offering is custom-tailored for companies in the media space. With up to $10M of capacity on a Primary and Excess basis, we write on both Admitted and Surplus lines, while all policies are written on A-rated paper.
Ascot’s Media Liability Insurance is a specific policy tailored for companies who create and/or disseminate content. Unique challenges facing this sector include intellectual property infringement, plagiarism, personal injury including libel, defamation and other related perils.
Ascot’s Miscellaneous Professional Liability unit provides comprehensive coverage for a wide range of professional service industries. The product is offered as a standalone product on a primary and excess basis, and on a blended basis alongside Cyber Liability, Media Liability and Tech E&O.
The legal profession faces distinct changes, from evolving standards of care, to the increased use of technology, to economic challenges. Our underwriting team has the expertise and proficiency required to craft customized solutions for law firms with 5 or more lawyers. We strive to find solutions for firms across a wide range of practice areas, focusing on firms that engage in tougher areas of practice, or have reported claims. We offer products on both a Non-Admitted and Admitted basis, including solutions on both a primary and excess basis, along with Quota Share capabilities. We operate under a committed, individually approved, limited distribution model that focuses solely on meaningful partnerships with specialty LPL producers.
As the world’s reliance on technology solutions for processing critical tasks and improving efficiencies, the increased threat of errors leading to significant financial loss for the technology providers is unavoidable. Ascot offers leading Technology Errors & Omissions coverage to a broad range of technology providers including software developers, hardware manufacturers, and IT consulting firms to protect against defense and settlement costs.