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Cyber Liability Insurance and Data Security+

  • SECURITY BREACH LIABILITY
  • DATA BREACH LIABILITY
  • WEBSITE LIABILITY
  • DEFENSE OF REGULATORY NOTICES/PROCEEDINGS
  • DATA BREACH EXPENSE
  • PAYMENT CARD INDUSTRY FINES AND PENALTIES
  • IDENTITY THEFT
  • CYBER EXTORTION THREAT EXPENSE
  • Each Claim up to $1,000,000
  • Each Claim up to $1,000,000
  • Each Claim up to $1,000,000
  • Each Claim Limit $1,000,000
  • Each Claim Limit $250,000
  • Each Claim Limit $50,000
  • Each Claim Limit $50,000
  • Each Claim Limit $10,000

We help your business get Security-Compliant and Optimized.

  • Payment Card Industry Data Security Standards (PCI/DSS)
  • Default passwords are changed on all Point of Sale (POS) devices
  • Website Privacy Policy for any applicant website
  • SSL(Secure Sockets Layer)/TSL(Transport Layer Security) website protection
  • Encryption of Personal Information* when stored or accessed on mobile devices, transmitted wirelessly or transmitted over public networks and encryption

Did you know?

  • A study by a major credit card company found that 85 percent of all data breaches occur at the small business level
  • Organized crime considers small businesses to be low risk, high reward targets
  • Small business owners are popular targets of identity thieves because they have larger lines of credit, higher volume of transactions and valuable computer networks
  • Common reasons personal information is breached include criminal hacking, lost or stolen laptops, computers or paper reports and negligent or malicious employee activity
  • It is illegal for business owners to not report and not send notification to those whose legally protected personal information is breached

What are the costs of data breaches?

  • Claims for failure to protect information, expense of legally required notifications and credit monitoring to those whose information is exposed, forensic expense to find out and resolve what happened, public relations expense to maintain business reputation, regulatory
    and Payment Card Industry (PCI) fines and hacker extortion demands
  • In 2011, the average cost to business owners per record compromised was $194
  • Small business owners have gone out of business due to identity thieves impersonating their business and personal name leading to loan defaults, inability to access credit and loss of business reputation

This Insurance Coverages Features:

  • Separate aggregate limits of liability per coverage part with option to combine into one aggregate limit
  • Liability arising from both data breach and security breach
  • Data breach expense and identity theft expense paid as incurred (pay-on-behalf) instead of by reimbursement
  • Defense of regulatory proceedings
  • Payment Card Industry (PCI) fines and penalties
  • Data breach expense coverage including notification letters, public relations, forensics and credit monitoring
  • Cyber extortion expenses
  • Website liability including libel, slander, misappropriation of ideas, plagiarism, piracy, copyright and trademark violations
  • Identity theft expense including credit monitoring and expense to retain specialists to resolve identity theft for board members and owners
  • Access to the Business Resource Center which provides free and discounted business solutions to policyholders
  • Business interruption – coverage for loss of profits and extra expenses resulting from unauthorized access or malicious code
  • Data restoration – coverage for the cost to restore data lost due to a data breach
CyberSecurityShield

“Security is always excessive until it’s not enough.”

Robbie Sinclair

Contact us to request your Cyber Security+ Quote Today!

Secure Liability Insurance Quote Request Form