Protect Your Business With Comprehensive First-Party Coverage

Data Breach Coverage

This is a cornerstone coverage that kicks in when a data breach exposes sensitive information like customer data, employee records, or intellectual property.

• Forensic Investigation: Identifying the cause and scope of the breach, often involving digital forensics experts
• Legal Defense: Covering legal fees associated with defending lawsuits from affected individuals or regulatory bodies
• Notification Costs: Expenses incurred in notifying affected individuals about the breach, as mandated by various data privacy regulations
• Credit Monitoring & Identity Theft Repair: Providing credit monitoring services and identity theft repair assistance to affected individuals

Cyber Extortion Coverage

This coverage kicks in when cybercriminals threaten to disrupt business operations or release sensitive data unless a ransom is paid.

• Ransom Payments (with limitations): Some policies reimburse a portion of the ransom paid, subject to specific limits and exclusions
• Negotiation Expenses: Covering costs associated with hiring negotiators to deal with cyber extortionists
• Cybersecurity Experts: Financial assistance for hiring cybersecurity experts to help mitigate the attack and restore systems

Network Security Liability Coverage

This protects a business from lawsuits arising from a network security failure that leads to a data breach or financial loss for a third party (e.g., a customer losing money due to a hack on your website).

Business Interruption Coverage

This coverage compensates a business for lost revenue and profits if a cyberattack disrupts normal operations.

• Downtime: Loss of income due to system outages caused by a cyber incident
• Expedited Recovery: Costs associated with accelerating restoration of critical business functions
• Extra Expenses: Expenses incurred to maintain minimal operations during a cyberattack, such as temporary office space or cloud-based solutions

Cybercrime Coverage

This coverage reimburses a business for financial losses due to various cybercrimes like:

• Funds Transfer Fraud: When cybercriminals gain unauthorized access to financial accounts and steal money
• Data Manipulation: When cybercriminals alter or manipulate data for malicious purposes, leading to financial losses for the business
• Account Takeover: When cybercriminals gain control of a business’s online accounts (e.g., email, social media) to commit fraudulent activities

Computer Replacement Coverage

This reimburses businesses for the cost of replacing computers or devices damaged by malware or other cyber threats.