Comprehensive coverage for your computer networks, websites, and sensitive customer or employee information, as well as third-party corporate information. You can also secure Internet media liability and network extortion coverage.
Coverage Highlights
Benefits
- Claims and underwriting expertise
- Flexible underwriting approach
- Regional offices provide customers nationwide access to underwriters informed on privacy issues
- Affirmative 100 percent allocation of defense provision if at least one covered claim is asserted
- No retention, coinsurance, time element or prior written approval restrictions for data breach fund
- Data breach expenses not subject to a post-discovery time restriction
- Coverage for regulatory fines
- Consumer redress fund applies to full privacy and network limits of liability
Coverage
- Privacy Liability (includes personal information in any format; breaches not restricted to a network event; customer and employee information)
- Network Security Liability
- Data Breach Fund includes:
- First- and Third-Party expenses
- Forensic expenses
- Expenses to comply with the consumer notification provisions of the applicable jurisdiction that most favors coverage for such expenses
- Costs for voluntary notification (prior written approval requirement)
- Costs to retain public relations, crisis management and law firms
- Legal expenses incurred by the insured to ascertain their indemnification rights under contract
- Credit monitoring expenses (no longer tied to privacy regulations)
Limits
- Up to $20 million
Client Profile
Our typical client is any healthcare or managed care organization managing sensitive customer or employee information, third-party corporate information, a computer network or website.