Hiscox offers protection for increased security risks to small and medium sized organizations

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NEW YORK, N.Y., March 4, 2014 (GLOBE NEWSWIRE) -- Hiscox, the international specialist insurer, offers a proactive solution to a variety of increasing security risks faced by small and medium sized organizations and their employees. Hiscox Special Protection Solutions insurance coverage allows these organizations to effectively address growing domestic exposures, backed by advice and counsel from their exclusive incident response partner, Control Risks.

Threats by disgruntled employees or customers against individual employees and businesses have become all too common. The Future Risk Survey indicates that 38% of corporate resilience directors believe their organizations will take on more risk in the coming year. However, most small to medium sized organizations don't have risk managers or security personnel to quickly and professionally respond to threatening situations. Hiscox is here to help with policies offering threat assessment and protection with limits ranging from $500,000 to $65 million. Premiums start at only $900 annually.

"The best way to deal with threats to your organization is by following expert advice from people who have experienced these before," said Bert Spunberg, Senior Vice President, Practice Leader – Executive Risk at Hiscox. "Hiscox clients get the expert advice they need from our exclusive response partner Control Risks to reduce risks and manage potentially dangerous incidents."

Hiscox is a global leader in Kidnap and Ransom coverage with 30 years of experience. In the US, Hiscox offers Special Protection Solutions as part of its broader Executive Risk insurance portfolio and has offices in New York, NY; Atlanta, GA; Chicago, IL; Los Angeles, CA; San Francisco, CA and White Plains, NY.

Additional information can be found at www.hiscoxbroker.com.

Follow Hiscox USA on Twitter @Hiscox_USA.

For further information please contact:

Hunter Hoffmann
646-442-8341
hunter.hoffmann@hiscox.com
 
Kate Dillon
203-254-1300 x115
kdillon@prosek.com
 
About Hiscox in the U.S.

Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group – Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox International includes operations in Bermuda, Guernsey and the USA. Hiscox Syndicates Ltd is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. The ability of syndicates at Lloyd's to do business in the USA, and its territories, is restricted as they are not US-based insurers. Hiscox Underwriting Limited and Hiscox ASM Limited are authorized and regulated by the Financial Conduct Authority.

Hiscox Inc., a Delaware corporation headquartered in New York, d/b/a Hiscox Insurance Agency in CA, is a licensed insurance intermediary for admitted and surplus lines business. Hiscox Inc. underwrites on behalf of, and places business with, Hiscox Insurance Company Inc., other domestic insurers, and syndicates at Lloyd's (www.lloyds.com). Hiscox Insurance Company Inc. is a Chicago, IL domiciled insurer which is admitted or licensed to do business in all 50 states and the District of Columbia.

CONTACT:Hunter Hoffmann 646-442-8341 Kate Dillon 203-254-1300 x115

Source:Hiscox Insurance