Protect your business from devastating property losses with our Cyber Liability insurance program
7 Out of 10 Small Firms that Experience Major Data Breach Fail within a Year.
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Sample Coverages/Limits:
- Data Breach Liability (up to $1 million)
- Security Breach Liability (up to $1 million)
- Defense of Regulatory Proceedings (up to $250,000 per claim)
- Penalties and Fines from PCI (up to $100,000 per claim)
- Data Breach Expense (up to $250,000)
- Cyber Extortion Threat Expense (up to $10,000 per claim)
- Website Liability (up to $1 million)
- Identity Theft (up to $100,000)
Who are the cyber bad guys?
- Hackers
- Email Scammers
- Cyber Extortion Specialists
- Disgruntled Employees
- Negligent IT Department or Vendors
What are they after?
- Personally identifiable information such as Social Security numbers, bank account numbers, and credit card numbers
- Health and medical information
- Employee records
- Corporate trade secrets
Why do they attack?
- Obtain confidential information for sale to cyber criminals
- Steal money from bank accounts
- Disrupt, embarrass, or terrorize the target
- Extortion
- Use Corporate trade secrets for a competitive advantage
Cyber Liability exposures (third-party liability)
- Data Breach and Privacy Liability
- Media Liability
- Administrative Agency Expenses
- Breach Mitigation Expenses
Owned asset exposures (first-party damages)
- Forensic expense to restore systems
- Loss of business income
- Extra expenses to continue operations
- Extortion demands
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