Cyber Insurance Coverage
CyberDot offers a lot more than just basic cyber insurance coverage
WHAT DOES CYBER INSURANCE COVER?
Cyber insurance covers your first and third-party risks. 'Third-party risks' refers to the costs and losses associated with any litigious claims veiled upon you by your customers or other third parties and 'First-party risks' refers to the policyholder's losses.
Coverage for lawsuit defense, investigation, settlements and judgments that arise against your company the party responsible for keeping sensitive data safe and failing to do so due to a cyber event.
Network Security, Data Security, Media Content and Privacy Liability
Regulatory, HIPAA, and PCI Defense, Fines and Penalties
Coverage that is designed to cover the costs to your business as a result of a cyber-attack or a data breach.
Data Breach Response
Covers the costs associated with notifying affected and potentially affected individuals or companies whose sensitive information has been compromised. With notification laws being occasionally updated and significant penalties that follow non-compliance with those laws, it’s important to act swiftly after the breach happens.
Reputation Income Loss
Covers loss of money in the case you or your employees fall victim to a social engineering scam. Scam artists, through social engineering scams like phishing, can use fraudulent instruction to acquire money from your or your employees.
Covers loss of profits and extra expense due to disruption in business operations resulting directly from unauthorized access or use of a computer system, transmission of malicious code or virus, or a Denial of Service Attack.
System Failure Interruption
Covers loss of profits and extra expenses due to computer system failure and disruption of business operations as a result. The system failure could be due to hardware or software glitches, human error, a cyber-attack, etc. This coverage could be written on an All Risk (broad coverage) or Named Peril (only specifically named types of system failures are covered). Typically, power outages and software upgrades may not be covered so it is important to review exact wording in the policy.
Contingent Business Interruption
Covers extra expenses and loss of profits due to a cyber-attack of a critical business partner. For example: the hacking of your data storage provider that stores sensitive data of your customers.
Computer System Property Damage
Covers the cost to restore hardware damaged because of a specific cyber event.
This information is for marketing purposes only and is not a complete description of all cyber insurance products and services offered by our cyber insurance carriers. Not all products and services in every jurisdiction and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued.
How CyberDot Can Help
Our goal is to help you find the most effective and affordable cyber insurance policy for your business and provide you with professional cyber security advice.