To protect against this growing cyber threat, Cyber Liability and Data Breach Response Coverage offers comprehensive protection for customer and business data after a cybercrime.
What Is Covered with Cyber Liability Insurance?
- Information Security and Privacy Liability
- Privacy Breach Response Services
- Website Media Content Liability
- Regulatory Defense and Penalties (not available in NY)
- PCI Fines, Expenses, and Costs (not available in NY)
- Cyber Extortion
- First Party Data Protection
- First Party Network Business Interruption
- Fraudulent Instruction
- Electronic Crime
- Optional coverage endorsements: Consequential Reputational Loss, Telephone Fraud, and Criminal Reward
Through a partnership with Beazley Insurance Company, policyholders with Cyber Liability and Data Breach Response coverage will have access to Beazley’s website, Breach Event Response team, and expert claims handling. The Breach Solutions website will provide policies and procedures, incident report planning, risk assessment, IT security planning, and many more risk mitigation options.
Why Do I Need Cyber Liability Insurance?
Standard small business insurance policies typically do not include coverage for cyber attacks. Cyber Liability and Data Breach Response Coverage offers broad protection at an affordable premium, and can easily be added to new policies or at renewal. With the $50,000 policy aggregate limit option starting at a flat annual fee of $50, multiple limits are available to fit your business’s unique needs.
Cyber Liability and Data Breach Coverage offers greater protection to meet the needs of our policyholders in a digital world under attack from cybercrime – find a local independent insurance agent to see how you can Be Uniquely Insured with Selective Insurance.