Nearly all businesses utilize electronic devices to conduct important communication and transactions. Whether they are using computers, laptops, tablets, iPads, iPhones, USB drives, Apple Watches, or another device, a breach can occur at any company, large or small. If a data breach happens, the financial and reputational repercussions can be devastating.

Cyber Liability may be included as an enhancement to some PartnerOne products, addressing losses that may result when a business engages in various electronic activities. This coverage is not limited to cyber claims arising out of “contractor activities” or “professional services.”

Limits up to $500k/ $1M available.

Coverage parts include:

• Security Breach Expense
  • Costs to notify parties affected, including media coverage to announce
  • Overtime salaries for employees assigned to handle inquiries
  • Costs to hire call center
  • Post event monitoring (including credit monitoring for victims)
• Extortion Threats
  • Costs of security firm to determine validity
  • Reward payment for informant leading to arrest
  • Independent negotiators
  • Ransom payments
• Replacement or Restoration of Electronic Data
  • Including cost of data entry, reprogramming, and computer consultation services.
• Public Relations Expense
  • Fees and costs of PR firm
  • Other reasonable expenses incurred with our consent to protect/restore reputation in response to negative publicity
• Security Breach Liability
  • Covers Liability from unauthorized disclosure of your client’s personal information
  • Your transmission of a virus to a third party by e-mail or other means
  • Loss and defense costs: compensatory damages, settlement amounts, costs awarded to judgements

For more information about Cyber Liability, contact us.

Target risks Include, but are not limited to:

• Any business that utilizes computers and/or other technology to run its operations.