Great American Insurance Group and RPX Insurance Services, LLC (RPXIS), a wholly owned subsidiary of RPX Corporation, are pleased to announce the availability of patent infringement defense coverage as part of Great American’s Risk e-Business Cyber Risk Insurance PolicySM. This coverage will be included for policyholders selecting Technology Errors & Omissions (E&O) coverage. The patent risk coverage element will be underwritten by Great American Insurance Company and Great American Fidelity Insurance Company, with claims management services provided by RPXIS.
“Great American’s Risk e-Business Cyber Risk Insurance Policy is an ideal vehicle to bring RPXIS expertise to the Tech/Cyber Insurance Market,” said Rob Kingsley, President of RPXIS. “Technology companies in particular face unique and complex intellectual property risks, and we look forward to working with Great American’s agents, brokers and policyholders to address them.”
Great American Insurance Group has been writing cyber risk insurance since 2007 and began writing Tech E&O coverage in 2019. The agreement with RPXIS is a natural progression of the company’s Cyber Risk product offering to better meet the growing and changing needs of its technology customers.
“RPXIS brings a proven ability to help clients manage risk,” said Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk. “At a time when many cyber risk insurance carriers are pulling back and reducing coverage, we’re very excited to make Risk e-Business an even broader, more comprehensive product offering. We are proud to collaborate with an industry leader like RPXIS.”
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