ThinkRisk and OneBeacon Announce [in]FUSE – Insurance Agents & Brokers Professional Liability Protection

Chicago, IL, 04/27/12 – ThinkRisk Underwriting Agency, LLC and OneBeacon Professional Insurance join forces to announce the launch of a new Professional Liability Policy for Insurance Agents & Brokers. The product, [in]FUSE^SM, provides broad protection for emerging exposures faced by Insurance Agents & Brokers. [in]FUSE^SM is designed for firms with $15M+ in annual gross written premium and is written on a surplus lines basis with available limits up to $10M.

[in]FUSE^SMcombines key liability coverages in one policy including: Professional Liability, Network Security, Privacy, Advertising and Communications, Side “A” Excess Directors and Officers and Non-Profit Directors and Officer insurance. [in]FUSE^SMalso provides coverage for first party Data Compromise Expenses including: Breach Consultation Services, Breach Notification Expenses, Public Relations Expenses, Electronic Data Restoration Expenses, Data Extortion Expenses and Payment Card Industry Data Security Standards Expenses.

Nicole Haggerty, President, ThinkRisk Underwriting Agency, LLC commented: “The ability for Insurance Agents & Brokers to maximize their interaction with clients and the general public via increased media and technology solutions has expanded the potential exposures they face. ThinkRisk understands these risks and [in]FUSE^SMaddresses these converging professional, media, privacy and network security exposures .”

Paul Romano, President, OneBeacon Professional Insurance adds: “The track record and experience of the ThinkRisk management team gives us a great deal of confidence in the success of this program. Their expertise in developing coverages targeted to specific industries – combined with our commitment to providing an unparalleled level of service – will result in an outstanding suite of Professional Liability solutions for insurance agents.”

For more information contact Reza Khan at 646-380-1888, rkhan@thinkriskins.com