Network and Information Security Liability Coverage

An employee loses a laptop with the private data of your customers or a hacker breaches your computer’s defenses and steals your data. These events can trigger mandatory reporting obligations, or worse, resulting in your company being sued. Cyber Insurance will help you resolve these incidents, including hiring legal counsel and covering legal judgments.

 

Regulatory Defense and Penalties Coverage

Data breaches are damaging enough, but they can also result in state and federal investigations and penalties to your business. Cyber Insurance will cover the costs to manage any investigation as well as any penalties levied against you (subject to applicable law).

 

Multimedia Content Liability Coverage

Thanks to the Internet, any company with a public website is subject to the same exposures and litigation of a traditional media company. Cyber Insurance will indemnify you against claims for defamation, invasion of privacy, trademark and copyright infringement, and other multimedia wrongful acts.

 

PCI Fines and Assessments Coverage

Your customers’ credit card information was stolen. Don’t worry. Cyber Insurance will cover any PCI fines or assessments made against you. If you weren’t aware, all businesses that accept or store credit card information are subject to the Payment Card Industry’s Data Security Standards (PCI DSS).

 

Bodily Injury and Property Damage - 3rd party Coverage

A hacker gains access to an industrial control system or Internet-connected device. The attack may come from cyberspace, but the physical impact is real. Cyber Insurance will cover the costs of defense and any liability you incur when a failure in your security results in physical damage or injury.

 

Pollution Coverage

A hacker gains access to an industrial control system or Internet-connected device. A resulting system failure triggers the release of pollutants. Cyber Insurance will cover the costs to defend you and any liability you might have to a 3rd party resulting in the release of pollutants.

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Breach Response Coverage

Incidents happen. When they do, Cyber Insurance Carriers are ready to help you recover and maintain the confidence of your customers. Cyber Insurance will provide expert counsel, and cover the costs of forensics, notification, and incident response efforts to help make you whole.

Some carriers offer limits for this coverage separate from and in addition to the Aggregate Policy Limit of Liability for policies with $5 million or less coverage,

 

Crisis Management and Public Relations Coverage

When an incident occurs, it’s often more than just your data that is damaged. In your time of crisis, Cyber Insurance will provide and cover the costs of consultants, public relations, and notification services so that you can control the narrative.

 

Cyber Extortion Coverage

A hacker has encrypted all of your files and won’t unlock them until you pay a ransom. Not to worry, Cyber Insurance will cover the costs to get you up and running again.

 

Business Interruption & Extra Expenses Coverage

A hacker uses a denial of service attack to take down your website. Your cloud provider goes down as the result of a network outage. Cyber Insurance will not only cover your lost income, but any extra expenses to get your business back online.

 

Digital Asset Restoration Coverage

Your network is hit by a ransomware attack. Your data may be held hostage, but your business doesn’t have to be. Cyber Insurance will cover the costs to fix the problem and restore data that is corrupted or lost.

 

Funds Transfer Fraud Coverage

A funds transfer request is sent to your controller by someone pretending to be the CEO. The funds may be out the door, but at least you’re not out of pocket— Cyber Insurance will has got you covered.

 

Reputation Repair Coverage

When an incident occurs, it’s often more than just your data that is damaged. In your time of crisis, Cyber Insurance will provide and cover the costs of consultants, public relations, and notification services so that you can control the narrative.

 

Reputation Repair coverage enhances Crisis Management coverage, with expanded coverage for advertising and media purchases and consulting costs to help you preserve customer confidence and protect your brand.

 

 

Computer Replacement Coverage

A malware infection alters the firmware of your computers. Their integrity may be comprised, but your business won’t be. Cyber Insurance will cover the costs to repair or replace any affected systems.

 

Service Fraud Coverage

A hacker gains access to your cloud infrastructure (network, servers, telephony, etc.) and drives up your bill mining for virtual currencies. Cyber Insurance will reimburse you for the loss incurred as a result of these malicious acts.

 

Bodily Injury and Property Damage - 1st Party Coverage

A hacker gains access to an industrial control system or Internet-connected device. The attack may come from cyberspace, but the physical impact is real. Cyber Insurance will help you recover, by covering your business interruption losses and extra expenses (including tangible property) to restore your business operations to normal.