ACE Private Risk Services is offering expanded insurance coverage to high-net-worth clients that protects against identity theft.
The insurance firm has partnered with Identity Resolution LLC to provide reputation and fraud protection for customers of its insurance plans at no additional cost, ACE announced.
ACE's identity fraud expense coverage will now include services such as around-the-clock personal assistance in dealing with identity theft or potential theft, and recovery of personal records.
Social media experts will help clients protect their personal information, preserve their online privacy, purge inappropriate content from Web sites, and protect them from cyber stalking and cyber bullying, according to ACE.
"Privacy is critical to our clients because of their substantial assets, prominence in their community and rapid adoption of new high-tech devices [that] make them prime targets for identify theft," said Gary Raphael, senior vice president of risk consulting for ACE. "All it takes is one misplaced smart phone, and a whole life can be opened up to prying eyes. Other conveniences, such as mobile banking, online shopping and social networking, can also expose our clients to financial and [reputation] damage."
ACE Private Risk Services provides coverage of up to $100,000 of expenses related to recovering from identity fraud.