Related Products

Businesses are more vulnerable to new and emerging exposures from their reliance on data and computer systems. To address these vulnerabilities, companies need to be more adaptive and improve processes and management systems.

 

We will help you evaluate and understand your existing risk management needs and the Cyber Insurance product that could be of most value. This product can include coverage for:

 

Third party cover (LIABILITIES)
Personal & Corporate Data Liability Coverage for defence costs and damages for third party claims arising out of a failure or violation of the security of personally identifiable information and/or confidential information or any unintentional failure to comply with an insured’s privacy policy and/or any foreign or local regulations.
Data Security Liability Coverage for defence costs and damages for third party claims arising out of a failure or violation of the security of a computer system or network.
Media Liability Coverage for defence costs and damages for third party claims alleging libel, slander, copyright, or trademark infringement arising out of content distributed by the insured.

 

First party cover (OWN COSTS)
Incident Response Costs (forensic IT, legal, PR, notification & credit monitoring costs) Coverage for costs to appoint a forensic IT, legal and public relations to determine if a breach occurred, to contain the damage, to provide notification to the affected individuals or entities. This cost also includes credit monitoring cost for affected individuals to monitor their credit profile.
Regulatory Investigations Coverage for costs to respond to a governmental audit or investigation arising out of a privacy event. Coverage for fines and penalties insured to the extent allowed by law.
Electronic Data Reconstitution Coverage for cost to restore/recreate electronic data after a failure or violation of the security of a computer system.
PCI Data Security Standards Coverage for Payment Card Industry Data Security Standard fines, penalties and/or assessments.
Loss of Income & Extra Expenses Coverage for loss of income/revenue and extra expenses incurred by the Insured following a security failure, system failure or resulting from a covered event affecting an outsource provider (usually after a waiting period and subject to a monetary retention).
Cyber Extortion Coverage incurred by the Insured for money paid with the Insurer’s consent to resolve a cyber security extortion threat, including costs to investigate the cause of the threat.