Cyber Network Security

&

Privacy Coverage

 

 

What is cyber liability insurance?

 The sensitive customer data stored within company servers and in the cloud is vulnerable to attacks from hackers and other cyber criminals. Most people think only large corporations are in danger of cybercrime attacks. But, all businesses that use computers connected to the Internet are at risk.

What if

 

What if a dentist's office was broken into and a safe containing back-up discs storing information on patents was stolen.  the US Department of Health and Human Services determined that the dentist was required to notify patients, implement a call center, post a notice on the dentist's website and issue a media release. In addition the doctor is subject to HIPAA fines and penalties.

 

Be Prepared

 

As more of your patients' data is stored and shared online, in email, and on your mobile devices, there is greater risk of accidental and malicious exposure of your patients' personal information. Cybercriminals target companies of all sizes, but small- to medium-sized businesses are the most vulnerable because they rarely have cyber insurance or controls in place.  62% of cyber attacks impact small- to medium-sized companies because hackers know they are vulnerable. Even worse, only 40% of small companies suffering a cyberattack are still in business six months later.

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What are the benefits of cyber liability insurance?

More than one-third of businesses experience a data breach each year. If a similar event happened at your business, would you be able to pay for the resulting damages?

Many cyber liability policies cover a variety of expenses associated with a cyberattack including:

• Stolen data retrieval
• Reimbursement of fraudulent charges
• Identity protection services for customers at risk of identity theft
• Damage control for your business’ reputation
• Legal fees associated with the attack
• And other cleanup efforts

Policy Limits from $50,000 up to $1,000,000

 

Optional regulatory proceeding coverage is available.