XL Insurance, the global insurance operations of XL Capital Ltd., has announced the launch of XL Eclipse (SM) - a new insurance policy designed to address privacy and security risks of non-tech companies.

XL Insurance has also introduced an enhanced technology Errors & Omission (E&O) policy, XL EclipsePro (SM), specifically for technology products and service providers.

"Technology companies are not the only businesses susceptible to website disruptions, network breaches, lost data or other technological issues," said Scott Schleicher, XL Insurance's technology E&O manager.

"Companies of all sizes and representing all industries use technology to perform significant aspects of their business. Therefore, they are also at risk of technology failure."

XL Eclipse (SM) offers a wide range of cyberliabilty coverage under one policy form, including network security liability, media content services liability, privacy liability, extortion threat, crisis management, business interruption, credit monitoring, privacy notification costs and regulatory fines.

The coverage can be tailored to address the specific technology risks of a variety of industries, especially service providers such as lawyers, real estate or insurance agents, and medical offices.

XL EclipsePro (SM) also incorporates technology E&O to meet the professional liability needs of technology products and service providers.

"XL Insurance first introduced its technology E&O product in December 2008," said Mr. Schleicher.

"We are constantly looking at ways to improve our products and services and keep pace with our clients' changing risk management needs.

"These policies offer a complete package that can help both our tech and non-tech clients thoroughly and effectively address their tech risk."

XL Eclipse (SM) and XL EclipsePro (SM) are underwritten by XL Insurance's Indian Harbor Insurance Co. and are available with liability limits up to $10 million. These coverages are administered through XL Insurance's select professional unit which provides various miscellaneous professional liability coverages, including E&O coverages for lawyers, real estate and insurance agents, and other service providers.