According to research from a leading internet security firm, the average cost of a small business data breach is $86,500.

A cyber liability policy protects businesses against data losses caused by cyber attacks, viruses, and other threats. It also covers lawsuits that result from data breaches or the failure to protect sensitive information that belongs to someone else.

Program Highlights

  • Full limit first and third-party security and privacy coverage including regulatory claims
  • Privacy coverage extends to violations of your written, outward-facing privacy policy
  • Affirmative cover for cyber terrorism
  • Coverage for PCI-DSS Assessments
  • Cyber extortion available at full limit
  • Business Income and Data Restoration coverage
  • Limits available from $50,000 to $1,000,000

Target Risks

  • Clubs
  • Contractors
  • Dealers and Distributors
  • Habitational
  • Home Healthcare Agencies
  • Hotels and Motels
  • Manufacturing
  • Real Estate Agents and Brokers
  • Restaurants and Bars
  • Waste Operations (without electronics recycling/records destruction)

Ineligible Risks

  • Accountants
  • Attorneys
  • Banks and Credit Unions
  • Funds Transfer
  • Healthcare Providers (other than Home Healthcare)
  • Healthcare Vendors with Access to or Storage of Medical Records
  • Pay Day, Title Loan, Other Non-Bank Lenders
  • Title and Escrow
  • Real Estate Agents and Brokers