Cyber Liability

Protecting Your Network and Data and Mitigating Cyber Risks

Your business depends on technology for commerce, communications, employment and payroll functions, financial tracking and reporting, and much more. Whether brick and mortar or solely online, nearly all enterprises should evaluate their cyber exposures, quantify the potential harm from a cyber incident, and determine how cyber insurance can help you respond and recover. Are you prepared?

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

Coverage Customized to Your Needs

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

Cyber Solutions

Broad network security and privacy liability, including regulatory penalties where lawfully insurable
White glove breach response notification and related crisis management services
Ransomware and cyber extortion coverage and access to expert resources
Business interruption coverage for security breaches and system failures
Reputation damage
Data restoration expenses
Website media liability
Cybercrime from email phishing attacks and other social engineering schemes

Cyber 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 to understand your operations.
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 to define duties, prevent and respond to breaches; and ensure conformance with required coverage/limits.
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 

Our exposure summary report includes 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 specific needs.