Howden, a global insurance broker, has launched a new product that brings together professional indemnity (PI), crime and cyber liability into one policy. The new product, called Howden ProSecure, is designed to save businesses money and improve efficiency by reducing the need to manage multiple policies.
PI insurance protects businesses against claims made against them by clients for financial losses caused by errors or omissions in their professional work. Crime insurance covers businesses against losses caused by theft, fraud and other criminal acts. Cyber liability insurance covers businesses against losses caused by data breaches and other cyber attacks.
By bringing these three types of insurance together in one policy, Howden ProSecure can offer businesses a more comprehensive and cost-effective solution. The policy also includes a number of features that are designed to improve efficiency, such as a single claims process and a dedicated claims team.
“We are excited to launch Howden ProSecure, which is a truly innovative product that will help businesses to protect themselves against a wide range of risks,” said Simon Birch, Head of Professional Indemnity at Howden. “The product is designed to be easy to use and understand, and it offers businesses a significant cost saving over traditional PI, crime and cyber liability policies.”
09/08/23 – Howden announces the launch of a blended insurance product that brings together Professional Indemnity, Crime and Cyber Liability into one policy and under one limit.