Gold

Cyber Liability

Product Features

Coverages available
• Network/Security Liability - coverage for claims arising from unauthorized access to data, failure to provide notification of a data breach where required by law
• Media Liability - coverage for claims arising from copyright infringement, plagiarism, libel/slander in electronic content
• Computer Fraud - coverage for loss of money, securities or other property due to computer virus or unauthorized access
• Crisis Management Expenses - coverage for public relations services to mitigate negative publicity
• Regulatory Defense Expenses - coverage for governmental claims made as a result of network, security, communications, and media liability
• Systems Business Interruption - coverage for loss of income or expenses as a result of a computer system disruption caused by a virus or unauthorized computer attack, etc.
Limits can be combined, separate or provide specific sublimits

Why Buy Data Breach Insurance?
• Data breaches occur every day.
• While hacking incidents are the most recognizable and expensive cause of data loss, they are not the most common:
• 40% are caused by people making mistakes, such as losing a laptop or flash drive
• 36% are system glitches
• 24% are malicious criminal attacks
• The average cost of incident per customer is over $200. Costs may include:
• Customer notification & support
• Forensic research & data recovery
• Credit monitoring
• Legal fees
• Public relations
• Technology changes & staff education
• Reward & extortion expenses
• Replacing stolen funds or securities

Eligible Risks
Most businesses have the legal duty to notify their clients or patients in the event of a data breach. High risk businesses include:
• Healthcare
• Educational Organizations
• Retail & Wholesale
• Insurance Agency
• Law Firm
• Community Bank
• Childcare
• Hospitality

*This is just a coverage overview. Actual policy wording applies.

Product Details

  • Multiple Available
  • Yes

Company Contact

Ask a Question

Availability

Covered
Not Covered
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY

Share This

Send to Friend

Contacts

Name Title Email Phone
Karlee Rahm Marketing KRahm@gogus.com 800-562-8095

Product Files