the following coverage is the best available
cyber liability insurance offered to date
THIRD PARTY PRIVACY LIABILITYcovers sums the insured is legally obligated to pay as a result of privacy breach or unintentional breach of privacy regulations. |
What expenses does it cover?
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NETWORK SECURITY COVERAGEcovers damages and claims that insured is legally obligated to payarising out of computer attacks caused by failures of security including theft of client information,identity theft, negligent transmission of computer viruses and denial of service liability |
What type of attacks does it cover?
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FIRST PARTY COVERAGEcovers direct first party losses that an insured may incur in connection with a privacy or security breach |
What are examples of first party losses?
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INTERNET & MEDIA LIABILITYcovers third party losses that an insured may incur as a result of errors and omissions in communication of information on the internet, also protects against defamation and/or invasion of privacyclaims resulting from copyright and/or trademark infringement |
What alleged acts are covered?
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CYBER EXTORTION COVERAGEcyber extortion is a type of online crime in which a criminal threatens to damage or shut down a company’s website, e-mail server, or computer system or threatens to expose electronic data or information belonging to the company unless the company pays the criminal a specific ransom amount. |
What losses can arise from cyber extortion?
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