Can You Afford Not To Have It?

Most business owners take steps to secure their computer systems, but the reality is that no system is impregnable. Recovering from a breach can be expensive and time consuming. Determining the cause and the extent of the breach, complying with the notice laws, correcting damage, public relations and potential lawsuits from customers and clients can truly drain a business.

• The total average cost of data breach is $197 per comprised record. Source; 11/27/07 SearchSecurity.com article
• The average cost a company incurs due to a data breach is around $6.75 million. Source; Javelin Strategy & Research

COVERAGES

• Data Breach & Privacy Liability (3rd party coverage).
• Data Breach Loss to Insured (1st party coverage).
• Electronic Media Coverage
• Supplementary payments in addition to the limit of liability for breach mitigation costs and reward reimbursement

TARGET CLASSES

• Medical Facilities
• Insurance agencies / brokers
• Car dealerships
• Regional banks and credit unions
• Benefit administrators, TPA
• Retail stores

MAXIMUM LIMITS OF LIABILITY: $5,000,000
MINIMUM PREMIUM FOR A $1,000,000 LIMIT: $1,500