CyberBreach Insurance
to protect yourself from claims arising out of the disclosure of Personally Identifiable (Driver’s License Numbers, Social Security Numbers, Dates of Birth, Email Addresses and more) or rotected Health (Account Numbers, Medical Record Numbers, Insurance Beneficiary Numbers and more) Information due to A Staff Mistake, Theft of Hardware, A Rogue Employee, Lost or Stolen Laptop or Device, and other causes of loss.
Security and Advisory/Compliance services
Vulnerability Scanning, Penetration Testing, Compliance reviews for PCI/HIPAA/NERC/SSAE SOC & Security Awareness Training
Client Data Loss
our carrier includes replacement, reproduction & restoration of client data lost or damaged during a security breach or other error or omission.
Contingent Bodily Injury and Property Damage
Our policy includes emotional distress claims arising out of a privacy breach. If there is a disclosure of medical records of thousands of patients, chances are a class action lawsuit will be filed alleging emotional distress of the affected patients and this could lead to damages in excess of $100K+.
Rogue Employee
Disgruntled current or ex-employees can do serious damage that is costly and time-consuming to undo. Our policy provides coverage to repair or restore company data, or company client data, destroyed or damaged by an employee.
Network Security Liability
Our policy provides coverage for damages for a network security claim.
Privacy Liability
Covers the theft, loss or unauthorized disclosure of individual PII or confidential corporate information that is in your care, custody or control.
Media Liability
The policy includes coverage for social media claims of libel, slander and defamation. This coverage will not only plug that gap but will allow your organization to protect itself from accusations of invasion of privacy, plagiarism, misappropriation, infringement of copyright, trademark, title, service mark or domain name.
Privacy Notification Costs
According to the 2016 NetDiligence Cyber Claims Study, the median number of records exposed in this report was 1,339 and the median cost per‐record was $39.82. This is a $53,000+ claim. You need coverage to notify the affected individuals as well as the potential expenses arising from credit monitoring.
Public Relations & Crisis Management Expense
If a breach does occur and your company makes the newspaper or network news, you better believe your competition will use this against you to try and take your clients. You need coverage for the costs associated to hire a public relations firm to avert or mitigate material damage against your reputation.
Legal and Forensic Expense
Provides coverage for the cost of retaining an attorney to advise you of your obligations under data breach notification laws in the event of a network security breach impacting PII, as well as the cost of hiring a computer security expert to determine the existence, cause and extent of the breach.
Network Security and Privacy Liability (Regulatory)
This coverage is for claims expenses and penalties if a governmental agency or regulatory body brings an enforcement action against you for a violation of a law protecting the confidentiality and security of PII.
Cyber Extortion
Many experts see this as “the next big thing” to threaten organizations with financial trouble, loss of data, and even going out of business. This coverage is needed for situations where you must make a payment to eliminate credible threats to breach security in order to corrupt, damage, or destroy your computer system.
Costs for Damage to Data or Programs
This policy provides coverage for the cost of restoring or replacing data as a result of a security breach on your network or your cloud service provider’s network.
Network Failure Income Loss and Extra Expenses
If your business is unable to operate due to a cyber breach of your network or the network of your cloud service provider, the policy provides business interruption coverage.
