The Hartford Enhances FailSafe'sŽ Technology Errors & Omissions (E&O) Coverage

The Hartford Enhances FailSafe's^Ž Technology Errors & Omissions (E&O) Coverage

Broadened eligibility and greater coverage offer technology companies more comprehensive protection

HARTFORD, Conn. - While most firms fret over their liability risks, technology firms face an added headache: economic harm resulting from a problem in the performance or delivery of their products and services. For tech firms, comprehensive errors & omissions (E&O) coverage brings much-needed peace of mind as they work to grow their business.

To help provide a thicker layer of liability protection, The Hartford Financial Services Group, Inc. (NYSE: HIG), one of the nation's largest diversified financial services companies, recently introduced enhancements to its FailSafe Technology Errors & Omissions product suite. Designed to meet the specialized insurance needs of small to large-sized technology companies, The Hartford's FailSafe product suite offers three increasingly robust versions of technology E&O coverage to protect technology companies at different phases of their life cycle.

Enhancements to FailSafe Product Suite include:

Eligibility for the FailSafe MEGATM product, which is written in conjunction with The Hartford's industry-leading Spectrum^Ž Business Owners Policy, has been expanded to include risks with up to $15 million in total sales. The Hartford's FailSafe MEGA product is a type of professional liability coverage designed specifically for smaller technology firms.
Additionally, the FailSafe MEGA product has been enhanced to include an increased limit capacity from $2 million to $5 million, as well as, pricing flexibility to accommodate the needs of more complex smaller technology risks and/or accounts with unique needs.*

"The accessibility of an online rating and submission system for larger technology companies that addresses both standard coverage lines and technology errors & omissions needs will improve efficiency and sales effectiveness for our agents," said David Selembo, director of Errors & Omissions products for The Hartford's Technology Practice Group. "Providing additional limit options and pricing flexibility will ensure MEGA remains a market leading product offering that addresses the insurance needs for our technology clients."

For accounts of all sizes that have more sophisticated Technology Errors & Omissions coverage needs, The Hartford offers FailSafe GIGA^TM to provide coverage for damages and claims expenses caused by negligent acts, failure of the technology services to perform as intended, and breach of warranties or representations. FailSafe TERA^TM expands upon the coverage offered by FailSafe GIGA by including security, personal injury, and intellectual property as additional coverage grants. These additional coverage grants are also available by endorsement on FailSafe GIGA.

All of the FailSafe products have been enhanced to include:

An expanded definition of technology services.
Automatic coverage for newly acquired or formed subsidiaries (for 90 days).
Broader reporting and grace period conditions.

Additionally, FailSafe TERA now includes an affirmative grant of coverage for liability resulting from failure to prevent identity theft or from disclosure of personally identifiable information in an electronic format. This important coverage is also available as an optional coverage enhancement to the FailSafe GIGA product. Incidents involving identity theft or loss of personally identifiable information are making headlines almost daily and, according to Selembo, "the failure of technology products and services are often cited as the cause," making this additional coverage an important consideration for any technology risk.

To learn more about The Hartford's customized solutions for the technology industry, agents and brokers should contact their local Hartford sales representative or Technology Practice underwriter.

The Hartford, a Fortune 100 company, is one of the nation's largest diversified financial services companies, with 2006 revenues of $26.5 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, Brazil and the United Kingdom. The Hartford's Internet address is www.thehartford.com.

* The changes to the FailSafe MEGA product have not yet been filed in NY and CA and may not be approved in all states. Please verify with your local Hartford Representative to confirm where these new capabilities are available.

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about our future results of operations. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include, without limitation, those discussed in our Quarterly Reports on Form 10-Q, our 2006 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

The information provided in these materials is of a general nature and provided for informational purposes only. Readers seeking resolution of specific business issues or concerns regarding this topic should consult their business advisors. These materials provide a summary of coverages only. For further information concerning the above-described coverages and related terms, conditions, exclusions and limitations, please contact your local Hartford representative.