Data Breach is becoming a larger issue by the day.  No matter what steps are taken to prevent an event, your business is exposed.  There are a few components to Data Breach Insurance:

  • Data Breach Liability Insurance
    • Addresses liabilities to other parties
    • May cover Data Breach Fines and regulatory proceedings
    • Website Liability
  • Breach Rectification Insurance
    • Hiring of a coach to help clear the breach
    • Forensic Expenses to see the extent of the breach
    • Credit Monitoring Services
  • Digital Crime Insurance
    • Extortion – Encryption that can only become unencrypted with the payment of a Ransom
    • Electronic Wiring Fraud
    • Deceptive Transfer