Cyber Liability Program
What Makes the Program Special?
Dedicated claims team and vendors’ services
Each premium dollar spent is the equivalent to credit with pre-approved vendors
Limits up to $10,000,000
Limits "reload" after each First Party claim
10 Product Differentiators
1st Party Coverage: Each & Every Claim
Theft of Senior Executive Officers' Personal Assets
Cyber Triggered D&O Coverage
No Deductible for Forensic Advice
Social Engineering Limit Starting at $250,000
Full Prior Acts
8 Hr Business Interruption Time Retention
Security Assessment & Training Coverage
25% System Rebuild Betterment Coverage
Tehft of Funds Held in Escrow
Liability arising from a third party financial loss resulting from a hacking attack or transmission of virus.
Liability arising from the loss of personally identifiable information, payment information,and health information.
The cost of a forensic analyst coming in to repair, replaces, or restore damaged computer programs, systems, and data.
System Business Interruption
Coverage for reduction in profit during the system outage period for up to three months resulting from a hacking attack, virus, or malicious damage.
Consequential Reputational Harm
Coverage for the reduction in profit after a data breach due to a loss of current or new customers. The contingent Period is immediately following the system outage period and is for 12 months.
Regulatory Actions and Investigations
Covers costs, expenses, fines, and penalties resulting from a regulatory investigation on a federal, state or local level.
The cost to notify individuals affected by a data breach including credit monitoring, an identity theft helpline, and forensic investigation costs.
Third Party Notification Costs
The costs incurred in the event your data breach creates a legal obligation for your client to notify individuals.
Computer Crime (Social Engineering)
Reimbursement costs for any unauthorized electronics fund transfer, theft of financial assets from your bank account, theft of digital assets, or fraudulent manipulation of electronic documentation.
Reimbursement costs as a direct result of the fraudulent use of your electronic identity to establish credit, electronically sign a contract, or create a website to impersonate you.
Cyber Threats and Extortion
The cost for sums incurred for a threat made against you with the purpose of preventing access to your systems, introducing a virus, revealing confidential information, or damaging your brand/reputation with false/misleading comments about you on social media websites.
Reimbursement costs as a result of your telephone systems being hacked into to make unauthorized calls or the costs of unauthorized use of your bandwidth.
Reimbursement costs for your reduction in profit, financial losses from existing customers, and creating a website/press release to advise your customers of fraudulent electronic communication or websites designed to impersonate you or your products.
Liability arising from a third party alleging defamation or emotional distress arising from media content on your website, chat rooms, tweets, bulletin boards, databases, social media, and software.
Intellectual Property Rights Infringement
Liability arising from a third party alleging infringement of intellectual property rights (copyright, trademark, etc), misappropriate of a trade secret, misappropriation of content, breach of an intellectual property rights license acquired by you, or failure to attribute authorship or provide credit arising from media content on your website, chat rooms, tweets, bulletin boards, data bases, social media, and software.
Invasion of Rights of Privacy
Liability arising from a third party alleging invasion, infringement, or interference on the right to privacy/publicity or a breach of agreement/confidentiality.
Liability arising from a third party alleging you made a negligent act, error, omission, or misstatement arising from media content on your website, chat rooms, tweets, bulletin boards, databases, social media, and software.
Technology Errors & Omissions
Liability arising from a third party claiming you made an act, error, omission, or breach of contract in the provision of your technology services.
Court Attendance Costs
Reimbursement costs for your cost to attend court, tribunal, arbitration, adjudication, mediation or other hearing as a witness in connection with a claim.
Crisis Communication Costs
Costs incurred for the services of a public relations consultancy firm for the purpose of averting or mitigating damage of your reputation or brand.
Note: this information is presented for your convenience, but in no way does it alter the actual contract(s) of insurance. For coverage details, please refer to the policy(ies) for actual language. In the event of conflicting statements, the policy conditions supersede this document.