The Cyber Insurance Coverage Your Business Needs
Get comprehensive coverage that meets contractual requirements and protects your business when a data breach occurs so you can win business and sleep easy.
Click below on each coverage area to see specific coverages.
Customer & Employee Data Loss
This coverage includes:
- Crisis management
- Regulatory fines and penalties
- PCI assessments, fines, and penalties
When employee or client data is exposed by accident or a malicious act, states require that you notify those affected individuals. If the Payment Card Industry (PCI) or your state regulators find that you were negligent in your safe-keeping of sensitive data, you might face fines and penalties. Our policy can cover the notification costs and regulatory fines.
This coverage includes:
- Lost wages and child and elder care
- Mental health counseling
- Miscellaneous unnamed costs
You may need to take time off work or hire a caretaker for your child or elderly parent while dealing with identity theft. We’ll cover lost wages and child and elder care among other expenses.
This coverage includes:
- Data compromise defense
- Data compromise liability
- Privacy incident liability
We cover losses and defense costs due to a claim or regulatory proceeding as a result of a privacy incident or data breach.
After you notify your customers that their information was exposed, they may be hesitant to continue doing business with you. We can cover operating expenses, such as payroll, and loss of income due to reputational damage from a data breach.
We cover the costs of IT professionals who will review your systems and backups to determine the size, scope, and nature of the data breach.
We pay for the costs of hiring public relations firms to protect your reputation during the aftermath of a cyber attack and costs to implement their recommendations.
We cover your defense and settlement costs if you’re sued by your customers because of a breach.
Business Interruption & Extortion
If you experience a cyber extortion attack, such as ransomware, we cover the cost of hiring negotiators and investigators as well as the ransom payment, if necessary.
This coverage includes:
- Computer Attack
- Data re-creation
- Crisis management
- Future loss avoidance
- Loss of business (including contingent loss of business)
- Extended income recovery
In the event of a cyber attack, we cover the costs of data restoration, data re-creation, and system restoration as well as your business interruption income & expenses. We can provide additional resources to improve your cybersecurity posture following a cyber attack.
We cover costs resulting from unintentional and unplanned computer system outages not caused by cyber attacks.
We cover the hiring of a forensic accounting firm to determine how much business income you’ve lost and any extra expenses incurred due to a cyber attack.
Third Party Lawsuits
This coverage includes:
- Network security defense
- Network security liability
We cover negligent security failures or weaknesses that result in malware spreading, denial of service attacks, or the unintended loss, release, or disclosure of third party corporate data.
This coverage includes:
- Electronic media defense
- Electronic media liability
We cover media incidents which include the infringement of copyright, trademarks, service marks, and more, unintended defamation, violation of someone’s privacy rights, and interference of someone’s right of publicity.
Payment Fraud
We cover losses due to fraudulent fund transfers.
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We cover losses due to fraudulent data entry or change by someone who is not your employee.
In the event that your telecommunications systems experience a cyber attack, this covers costs to your Telephone Service Provider due to the attack.
Additional Coverages
We cover rewards you pay for information regarding data breaches.
If a customer, partner, or other party requires that they be covered under your policy, you can name them as an additional insured.
