PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) -- RLI Insurance Company announced today that the RLI Executive Products Group has launched a new cyber liability insurance product.
RLI’s cyber liability insurance offers both first and third party coverage options to protect medium-to-large sized firms against financial losses and damages resulting from cyber attacks and data breaches.
“We’re pleased to introduce a new cyber liability insurance solution to the market to protect customers from increasingly complex cyber exposures,” said RLI Insurance Company President & COO Craig W. Kliethermes. “Designed to provide customers with peace of mind, our holistic cyber coverage is backed by an experienced underwriting and claim team, superior service and the financial strength of an A+ (Superior) rated carrier.”
RLI’s cyber liability coverage is available initially on an excess basis, with our RLI CyberProtect™ primary cyber liability policy coming soon. The coverage provides access to risk management tools and resources through NetDiligence’s eRiskHub®, to help policyholders better understand cyber exposures, establish a breach response plan, and minimize the impact of a breach, should one occur. For more information, please visit www.rlicyber.com.
RLI Corp. (NYSE: RLI) is a specialty insurer serving diverse, niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by A.M. Best Company, a distinction held by fewer than 10 percent of property and casualty insurance companies in the U.S. RLI has paid and increased dividends for 41 consecutive years and delivered underwriting profits for 20 consecutive years. To learn more about RLI and its 50-year history of financial strength, visit www.rlicorp.com.
Vice President, Executive Products Group
Source: RLI Corp.