Falcon Risk Services has launched FalconFlight, a new cyber, technology E&O and MPL insurance solution designed to address the evolving risks faced by modern businesses.
With up to $10 million in A+ rated capacity, FalconFlight offers tailored coverage for companies with revenue between $10 million and $3 billion. The product is designed to cater to a wide range of industries and provide protection against the challenges presented by the rapidly changing risk landscape.
“With FalconFlight, we’ve redefined what businesses should expect from their insurance coverage,” said Mary Spicer, senior vice president and head of cyber and tech E&O at Falcon Risk Services. “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 the uncertainty that policyholders face.”
Key features of FalconFlight include:
Pay on behalf of Cyber Extortion
Dependent Business Interruption extended to non-technology providers
Hardware Replacement Costs included as part of Data Recovery Expenses
Voluntary Shutdown included in Business Interruption without a time cap
Media Liability for both digital and print content
Meanwhile, favored industry classes for FalconFlight include healthcare, financial services, technology providers, advanced manufacturing, professional services firms and retail.
The company was jointly formed by HGS, Craig Landi and investor Griffin Highline (GH) to serve as HGC’s local entry point into the US financial lines market.
