Cyber Liability & Privacy Risk !

Our brokerage understands Cyber Liability and Privacy Risk are growing at an exponential pace, and that it is not only an IT risk. Businesses need to have a strategy to protect and mitigate the impact of an event. . Media and Technology are revolutionizing the way we communicate and transact business. Yet traditional insurance policies have not kept up with this evolving landscape. that is why you need to talk to us who works with specialist insurers to provide comprehensive protection for the cyber, privacy and media risks faced by companies in their day to day operations.

What are some of the risks?

Cyber attacks occur every minute of every day in every industry. Key exposures that businesses encounter are:

Privacy Breach (unauthorized access by employees)

Accidental data breach (lost laptop)

Business Interruption (no access to systems or data)

Network Security Breach (hacking)

Network Extortion (Malware)

Fraudulent Funds Transfer (Social Engineering)

Why get coverage?

Some of the key reasons to carry Cyber insurance coverage are:

Technology & computer systems are now used in all industries and operations

Regulatory Requirements are expanding + US and EU regulations are borderless

Access to Incident Response Team & Legal Services is included in the policy limit

Cyber Exclusions may exist within other insurance policies (i.e. Errors & Omissions, Directors & Officers, CGL)

Reputational harm mitigation

Our CPM – Cyber, Privacy & Media is a policy that has been designed with the future very much in mind. It is a modular policy which allows companies to tailor the cyber, privacy and media cover they buy to the risks they face. Coverages include:

Cyber liability, privacy liability and first and third party privacy breach notification costs

Comprehensive cyber crime cover including phishing scams, telephone hacking, identity theft, wire fraud and cyber extortion

Consequential reputational harm cover which gives direct protection for loss of net revenue as a result of a security breach or denial of service attack

No retroactive date meaning there is no restriction on when the event which gave rise to the liabilities occurred

Cover for data held ‘in the cloud’

Comprehensive multimedia liability, protecting against claims for intellectual property rights infringement relating to all forms of content, including user generated content

Cover for regulatory actions and investigations

Technology errors and omissions

Court attendance costs

Crisis communication costs

For more information please contact : Kirpal Multani (416) 728-6806 or email Email.