HSB BI&I launches All Systems Go Plus – equipment breakdown coverage bundled with Data Compromise & Identity Recovery

New All Systems Go Plus ™ offers Canada’s broadest, unlimited* equipment breakdown insurance.

•First to provide equipment breakdown with Data Compromise and Identity Recovery coverage.

•New portal, biiconnect.com, enables brokers to self-rate, bind and issue policies in less than five minutes.

The Boiler Inspection and Insurance Company of Canada (HSB BI&I) announces the launch of All Systems Go Plus™ the first insurance product to combine equipment breakdown coverage with Data Compromise and Identity Recovery, all in a convenient and affordable bundle. Brokers can now self-rate, bind and issue All Systems Go Plus™ policies in less than five minutes on www.biiconnect.com.

Since equipment risk is evolving, so must coverage. Businesses today depend more than ever on computer networks to store valuable customer, employee and third party data.

“With data breach and identity theft on the rise, Data Compromise and Identity Recovery coverage provide important protection for any business. All Systems Go Plus™ specifically addresses the needs of small to mid-sized operations, those which generally have less stringent security controls in place. These coverages, traditionally available to our insurance company partners, are now included in All Systems Go Plus™”, said John Mulvihill, HSB BI&I President.

About All Systems Go Plus™ Equipment Breakdown Coverages All Systems Go Plus™provides no limit of equipment breakdown insurance applicable to direct damage, spoilage, business interruption / extra expense or service interruption for qualified occupancies. It now offers increased coverage for more energy efficient equipment upgrades, Green and Anchor Location coverages.

For further information, or to arrange an interview Please contact: Silvana Martins smartins@biico.com, T: +1 (416) 216-7204 * There is no limit of insurance applicable to direct damage, spoilage, business interruption / extra expense or service interruption for qualified occupancies.

About The Boiler Inspection and Insurance Company of Canada

The Boiler Inspection and Insurance Company of Canada, a member HSB Group and part of Munich Re’s Risk Solutions family, provides the industry-leading range of specialty equipment breakdown insurance coverages for business and home. As Canada’s leading equipment breakdown insurer, the company helps clients reduce risk through a unique combination of specialty coverages, engineering-based risk management strategies, and an in-house team of jurisdictional and loss-prevention inspectors. For more information, visit biico.com. Follow us on Linkedin, Twitter, Facebook.

About Munich Re

In North America, Munich Re provides access to a full range of property and casualty reinsurance and specialty insurance products through Munich Reinsurance America, Inc., American Modern Insurance Group and Hartford Steam Boiler Group. Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2012, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.2bn on premium income of around €52bn. It operates in all lines of insurance, with around 45,000 employees throughout the world. With premium income of around €28bn from reinsurance alone, it is one of the world’s leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in the ERGO Insurance Group, one of the major insurance groups in Germany and Europe. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2012, ERGO posted premium income of €19bn. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Munich Re’s global investments amounting to €214bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.

http://biiconnect.com