Call us today for your Cyber Risk Liability Insurance Quote! Cyber Risk Liability coverage cost can be as low as a $1000.

Cyber Liability Insurance Coverage can be written to include:

  • Third party liability for financial loss, mental anguish, mental distress and any breach related claims
  • First party coverage for breach related expenses
  • Full limit coverage for notification and credit monitoring expenses
  • Full limit coverage for computer forensics expenses
  • Coverage for breach costs available outside of the policy limit
  • Coverage for breach costs available outside of the policy limit
  • Coverage available for business interruption, lost income and restoration of data post breach
  • Breach of contract coverage
  • PCI fines, penalties and remediation expenses
  • Regulatory coverage for all state, federal, foreign, and privacy related regulations (PCI, HIPAA, EU, etc.)
  • Primary limits available up to 20 million (higher limits available through excess)
  • Retentions starting at $1,000
  • Coverage can be combined with E&O
  • In-house quoting system for risks up to 100 million
  • Coverage to indemnify third party vendors or clients for breach expenses
  • Notification costs are covered when required by law and on a voluntary basis
  • Free risk management services provided to policyholders

Claims Examples provided by Apogee Insurance Group a Berkshire Hathaway Company

Example Breach
Hotel customer’s credit card stolen from hacked server.
Number of records: 700
Estimated costs at $73 per record = $51,100

Example Breach
A physical therapy company dumped sensitive customer information into garbage containers behind its facility. The records included Social Security numbers, credit and debit card account numbers, names, addresses and telephone numbers.
Number of records: 4,000
Estimated costs at $73 per record = $292,000

Example Breach
Laptop with employee information stolen out of a parked car.
Number of records: 4,300
Estimated costs at $73 per record = $313,900

Example Breach
Missing hospital computer tapes containing Social
Security numbers of patients.
Number of records: 52,000
Estimated costs at $73 per record = $3,796,000

*These are REAL data breach incidents found in online public records
Data breaches occur every day. While hacking incidents are the most recognizable and expensive cause of data loss, they are not the most common. It’s a startling fact – simple human error accounts for three out of four incidents.

  • 40% of the data breach cases are from people making mistakes, such as losing laptops and flash drives.
  • 36% are system glitches, such as software updates, which inadvertently expose sensitive private files.
  • 24% are malicious and criminal attacks.

No matter the sophistication of the security system, there is little that can be done to eliminate the risk of human error. A common, accidental breach is a real business risk worth considering today.