Cyber Liability Insurance

Protecting your online exposure and mitigating cyber risks

Much of our world today is digital, which comes with its own unique risks. Even if you aren’t an online retailer, all businesses are vulnerable to a data breach or cyber attack. Are you prepared?

Whether it’s protecting your systems from hackers and data breaches, or complying with ever-increasing regulations, we will design cyber liability coverage tailored for your organization.

Customized coverage with more "byte"

We’ll work with you to identify and quantify your risks, and then develop a customized cyber insurance solution to protect your organization. In fact, we’ve developed broad proprietary protection for both first- and third-party costs, including breach response expenses, business income loss, digital asset recovery, regulatory investigations, and legal liabilities.

Types of coverage

Network security and privacy liability, including regulatory penalties
Breach response notification and related crisis management expenses
Cyber extortion and ransom demand
Network business interruption for security breaches and system failures from human error
Reputation damage
Data restoration cost
Website media
Cyber crime from email phishing attacks

Risk analysis

We’ll analyze your operational exposures and business interruption risk from a security breach. To understand and evaluate the impact of all exposures, we follow these steps:

Operations Review – Risk-mapping workshop
Website Review – Analyze media and data exposures through website content and functionality, data collection, online bill presentment and payment, links and other online features
Contract and Service Agreement Reviews – Assess information security risks in service provider and customer contracts; develop guidelines for your field operations to define duties, prevent and respond to breaches, and ensure conformance with required coverage/limits.
High-Level Review of Regulatory Requirements – Identify regulatory concerns that may arise from compromised data and systems (since we do not act as legal advisors, we encourage involvement from your in-house and outside legal counsel)
Exposure Analysis Report/Detailed Summary of Exposure – For example, professional services/third parties, information security risks, first-party exposures, and intellectual property risks
Insurance Program Gap Analysis – Review current insurance programs to identify coverage gaps
Solution Building and Program Recommendations – Create and deliver a bespoke solution to respond to your business’s specific needs