CYBER LIABILITY

OUR SPECIALTY PRODUCT

Why Your Clients NEED

Cyber Liability

Are you offering this coverage to ALL your commercial customers? If not, you could be exposing your agency to an E&O Exposure.

 

47 States have Privacy Breach Laws which impose duties on "Data Owners" to notify individuals if private data has been lost or compromised. 80% of businesses that experience a breach do not have coverage. Don't let your clients be part of this startling statistic! Request a Cyber Indication here!

Who Needs this coverage?

If any of these questions are answered “Yes” there is a Cyber/Privacy Exposure.​​

  • Do they store employee information such as social security #, payroll, and benefits information on their network?

  • Do they collect, store, process or transmit health-related information?

  • Do they collect, store, process or transmit confidential information about clients?

  • Do they accept or process credit cards?

  • Do they have wireless networks in their office?

  • Do they store data/confidential data on the Cloud or use data host provider?

  • Do their employees use laptops, or smartphones to access email or confidential client information?

  • Do they have a website that is interactive and allows external users to access account info?

  • Are they in compliance with all federal, state & local laws pertaining to security & privacy?

What is typically covered?

1st Party Loss Costs

Breach Response Costs – Notification/Credit Monitoring

Cyber Extortion Loss/costs

Data Recovery Costs

Legal/Forensic Costs

PCI Fines/Penalties (associated with credit card processing)

Public Relations/crisis management costs

Regulatory Fines/Penalties

3rd Party Liability

Media/Website Liability

Network Security Liability

Privacy Liability

Regulatory Proceeding Defense

Request a Cyber Indication

 

We can provide Cyber Indications for the industries shown below. If not listed, please complete the Breach Response Application for a quote.

A Cyber Indication can be provided if the insured is within the industries listed below:

  • Financial – such as CPA’s, tax preparers, bookkeepers, financial planners, insurance agents...

  • Healthcare – Health clinics, home health, hospitals, pharmacies, doctor offices...

  • Hospitality – Motel/hotels, property managers, real estate agents...

  • Service – charitable/religious organizations. staffing agencies, law firms, repair/maintenance services, funeral homes...

  • Retail – Auto dealers, clothing, restaurants, convenience stores, museums, theaters, grocery stores, sports clubs...

  • Education – Business schools, colleges/universities, K-12 schools...

  • Manufacturing – General products/wholesale distributors...

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