Falcon adds policy combining cyber, tech E&O and professional liability

Falcon Risk Holdings LLC said Monday it has launched FalconFlight, a cyber, technology errors and omissions and miscellaneous professional liability policy.

The coverage offers up to $10 million in limits, the New York-based managing general agent said in a statement.

The policy is designed for companies with annual revenue ranging from $10 million to $3 billion, the statement said

Features include payment on behalf for cyber extortion; dependent business interruption extended to nontechnology providers; hardware replacement costs as part of data recovery expenses; and media liability for both digital and print content.

Coverage is designed for industries including health care, financial services, technology, advanced manufacturing, professional services and retail.