Falcon Risk Services, an MGA majority-owned by HDI Global Specialty, has introduced FalconFlight, a Cyber, Technology Errors & Omissions (E&O), and Miscellaneous Professional Liability (MPL) insurance product.
FalconFlight Cyber Liability provides up to $10 million in A+ rated capacity and is available to companies with annual revenues between $10 million and $3 billion. The product is structured to accommodate the unique needs of industries like healthcare, financial services, technology, retail, and advanced manufacturing.
According to Mary Spicer, Senior Vice President and Head of Cyber and Tech E&O at Falcon Risk Services, the solution aims to provide comprehensive coverage for emerging challenges, such as cyber threats and professional liability risks.
“In an era where digital threats and professional liability risks are growing more complex, this product delivers the comprehensive and flexible solutions our clients need to confidently navigate uncertainty that policyholders face,” said Spicer of FalconFlight Cyber Liability.
FalconFlight Cyber Liability Features:
- Pay-on-behalf coverage for cyber extortion expenses.
- Dependent business interruption extended to non-technology providers.
- Hardware replacement costs are included under data recovery.
- Voluntary shutdown coverage is available for business interruption without time restrictions.
- Media liability coverage for digital and print content.
The FalconFlight Cyber Liability coverage is designed to address gaps in existing policies and provide greater flexibility for businesses operating in an increasingly dynamic risk environment.
Falcon Risk Services, part of HDI Global Specialty, offers various specialty insurance products, including management liability and cyber insurance. Its policies are supported by A+ rated capacity from AM Best.
