Cyber Insurance Industry Leaders

Cyber Coverage Explanations

• Network and Information Security Liability

  An employee loses a laptop with the private data of your customers’ or a hacker breaches your computer’s defenses and steals your data. These events can trigger mandatory reporting obligations, or worse, it results in your company being sued. We help you resolve these incidents, including hiring legal counsel and covering legal judgments

• Regulatory Defense and Penalties

  Data breaches are damaging enough, but they can also result in state and federal investigations and penalties to your business. We’ll cover the costs to manage any investigation as well as any penalties levied against you (subject to applicable law).

• Cyber Breach Response Services & Costs

  Incidents happen. When they do, we’re ready to help you recover and maintain the confidence of your customers. We’ll provide expert counsel, and cover the costs of forensics, notification, and incident response efforts to help make you whole.

• Multimedia Content Liability

  Thanks to the Internet, any company with a public website is subject to the same exposures and litigation of a traditional media company. We’ll indemnify you against claims for defamation, invasion of privacy, trademark and copyright infringement, and other multimedia wrongful acts.

• PCI Fines and Assessments

  Your customers’ credit card information was stolen. Don’t worry. We’ll cover any PCI fines or assessments made against you. If you weren’t aware, all businesses that accept or store credit card information are subject to the Payment Card Industry’s Data Security Standards (PCI DSS).

• Crisis Management and Public Relations

  When an incident occurs, it’s often more than just your data that is damaged. In your time of crisis, we’ll provide and cover the costs of consultants, public relations, and notification services so that you can control the narrative.

• Cyber Extortion

  A hacker has encrypted all of your files and won’t unlock them until you pay a ransom. Not to worry, we’ll cover the costs to get you up and running again.

• Business Interruption & Extra Expenses

  A hacker uses a denial of service attack to take down your website. Your cloud provider goes down as the result of a network outage. We not only cover your lost income, but any extra expenses to get your business back online.

• Digital Asset Restoration

  Your network is hit by a ransomware attack. Your data may be held hostage, but your business doesn’t have to be. We’ll cover the costs to fix the problem and restore data that is corrupted or lost.

• Funds Transfer Fraud Insurance

  A funds transfer request is sent to your controller by someone pretending to be the CEO. The funds may be out the door, but at least you’re not out of pocket—we’ve got you covered.

• Reputational Harm Loss

  Suppose your organization experiences a major security failure, data breach, or cyber extortion incident that becomes public knowledge. Not only will you need to address your security and deal with liability that may arise from the incident, but you may also experience negative press and public relations that could further hurt your business.
  
  Reputational Harm Loss coverage protects you by reimbursing the net profit lost as a direct result of an adverse publication about the security incident.

• Computer Replacement

  A malware infection alters the firmware of your computers. Their integrity may be comprised, but your business won’t be. We cover the costs to repair or replace any affected systems.

• Cloud Service Fraud

  A hacker gains access to your cloud infrastructure (network, servers, telephone, etc.) and drives up your bill mining for virtual currencies. We’ll reimburse you for the loss incurred as a result of these malicious acts.

• Reputation Repair

  When an incident occurs, it’s often more than just your data that is damaged. In your time of crisis, we’ll provide and cover the costs of consultants, public relations, and notification services so that you can control the narrative.
  
  Reputation Repair coverage enhances Crisis Management coverage, with expanded coverage for advertising and media purchases and consulting costs to help you preserve customer confidence and protect your brand.

• Bodily Injury and Property Damage - 1st Party

  A hacker gains access to an industrial control system or Internet-connected device. The attack may come from cyberspace, but the physical impact is real. We help you recover, by covering your business interruption losses and extra expenses (including tangible property) to restore your business operations to normal.

• Bodily Injury and Property Damage - 3rd Party

  A hacker gains access to an industrial control system or Internet-connected device. The attack may come from cyberspace, but the physical impact is real. We cover the costs of defense and any liability you incur when a failure in your security results in physical damage or injury.

• Pollution

  A hacker gains access to an industrial control system or Internet-connected device. A resulting system failure triggers the release of pollutants. We cover the costs to defend you and any liability you might have to a 3rd party resulting in the release of pollutants