Cyber Technology Risk Insurance Policy
Today, all business need protection against the loss exposures that can arise from cyber threats. These threats result in first and third party loss exposures.
Homeowners Insurance
For most people, the home represents the most significant financial and emotional investment. Protecting that investment is very important!
However, not all homeowners insurance policies are created equal. Before you buy and periodically after you have purchased, it is important to review the protection afforded under your homeowner’s policy carefully.
Here are a few key coverage items that we believe should be included in almost every policy:
First Party Loss Exposures
Loss of income and extra expenses incurred when a cyber attack or crime interrupts the operation of your business due to:
- The cost related to extortion
- Cost incurred to notify clients of a data breach
- Cost to hire Crisis Management services
- Fines and the cost of complying with Data Privacy Regulation and providing Credit Monitoring service for clients after a data breach.
- Cyber Investigation cost to determine who committed the crime and more importantly how so you can take steps to prevent cyber crime in the future.
Third Party Exposure
Legal expenses and court judgments arising from:
- Data Privacy and Network Security Liability
- Internet and e-Communications Liability
- Professional Services Liability
Almost all businesses are at risk for cyber crime. This would include companies in:
- Healthcare
- Financial Services
- Retail
- Manufacturing
- Education
- Legal
- Media
If you would like more information about this insurance coverage and premium indication, please click the link below to complete a short questionnaire or call us at 312-341-9080. Tell the operator you would like to talk with our business auto insurance expert