$250,000 Limit
The Cyber Liability Program protects businesses for the cost associated with actual or suspected breach of protected personal identifiable information (PII) which is any private, non-public information in the care, custody or control of the business.
Policy Details
Limit of Liability per business:
check$250,000 (annual aggregate)
checkMaster policy - admitted - claims made policy form
checkNo aggregate limit on master policy
check$2,500 retention
checkCoverage territory is worldwide
checkClaim reporting requirement - within 60 days upon becoming aware of a suspected or actual breach
Coverage Details
- Defense & settlement or judgment
- Regulatory fines & penalties (including PCI)
Sub-limits apply:- Cyber Event Expenses - $50,000
- Call center
- Notification
- Forensics
- Credit monitoring
- Public relations
- Associated legal expenses
- Cyber Deception - $25,000
- Fraudulent Instruction
- Funds Transfer
- Telephone Fraud
- Business Interruption - $25,000 – 10 hour waiting period applies
- Data Restoration - $25,000
Program Eligibility- Business must be domiciled in the USA
- Excluded classes include; (a) Banks, (b) Credit Unions, (c) Payment Processors, (d) Gambling Organizations, (e) Online Adult Industry, (f) Social Media/Networking Firms, (g) Cloud Providers (h) network providers (I) Managed Security Providers (j) Managed Service Providers (k) Federal and State government agencies (l) Municipalities (m) Franchise (n) Cryptocurrency (o) Marijuana/Cannabis (p) Schools and Universities (Public, Private and Charter)
- Business must not have suffered a cyber-related event, breach, outage, loss, or claim in the past 12 months
- Business must implement Multi-Factor Authentication (MFA) for remote access to network
- Business must have offsite (e.g., cloud) back-ups that are no less than 1 month old
- Business must be able to recover critical data & systems within 3 days
- For all fund transfer requests or payments, business must confirm payment instructions via a method other than the original means of the instruction (for example, calling an individual at an independently verified number to confirm an email wire transfer request)
- Annual revenue of the business cannot exceed $10,000,000.
For additional information, please contact 1-800-319-7120.
This is a brief coverage summary, not a legal contract. The actual policy should be reviewed for specific terms, conditions, limitations, and exclusions that will govern in the event of loss
$1,000,000 Limit
The Cyber Liability Program protects businesses for the cost associated with actual or suspected breach of protected personal identifiable information (PII) which is any private, non-public information in the care, custody or control of the business.
Policy Details
Limit of Liability per business:
check$1,000,000 (annual aggregate)
checkMaster policy - admitted - claims made policy form
checkNo aggregate limit on master policy
check$5,000 retention
checkCoverage territory is worldwide
checkClaim reporting requirement - within 60 days upon becoming aware of a suspected or actual breach
Coverage Details
- Defense & settlement or judgment
- Regulatory fines & penalties (including PCI)
- Ransom Payment - $1,000,000
- Media - $1,000,000
- Business Interruption - $1,000,000 - 18 hour waiting period applies
- Data Recovery Expense - $1,000,000
- Cyber Event Expenses
- Call center
- Notification
- Forensics
- Credit monitoring
- Public relations
- Associated legal expenses
Sub-limits apply:- Cyber Deception - $100,000 sub-limit
- Fraudulent Instruction
- Funds Transfer
- Telephone Fraud
Program Eligibility- Business must be domiciled in the USA
- Excluded classes include; (a) Banks, (b) Credit Unions, (c) Payment Processors, (d) Gambling Organizations, (e) Online Adult Industry, (f) Social Media/Networking Firms, (g) Cloud Providers (h) network providers (I) Managed Security Providers (j) Managed Service Providers (k) Federal and State government agencies (l) Municipalities (m) Franchise (n) Cryptocurrency (o) Marijuana/Cannabis (p) Schools and Universities (Public, Private and Charter)
- Business must not have suffered a cyber-related event, breach, outage, loss, or claim in the past 12 months
- Business must implement Multi-Factor Authentication (MFA) for remote access to network
- Business must have offsite (e.g., cloud) back-ups that are no less than 1 month old
- Business must be able to recover critical data & systems within 3 days
- For all fund transfer requests or payments, business must confirm payment instructions via a method other than the original means of the instruction (for example, calling an individual at an independently verified number to confirm an email wire transfer request)
- Annual revenue of the business cannot exceed $10,000,000.
For additional information, please contact 1-800-319-7120.
This is a brief coverage summary, not a legal contract. The actual policy should be reviewed for specific terms, conditions, limitations, and exclusions that will govern in the event of loss