Cyber Liability Insurance
Business Protection

Is Your Business at Risk?

Does your business keep confidential information about your clients? Are you responsible for safeguarding that information?

Even if you have controls in place, you are still at risk. Large companies with sophisticated security systems are attacked. Small businesses get viruses from social media interaction. An employee can lose a mobile device with passwords, emails and contact information.

$221 Per Record*

Cyber Security Breach Costs in 2016 Average

Most Companies Cannot Absorb These Costs.

The Financial Risk Can Be Managed with a Cyber Liability Insurance Policy.

* 2016 Ponemon Institute Study | Read More

Cyber Liability Insurance Coverage

Electronic Media Liability

Media insurance is used to protect a variety of businesses including film and program producers, publishers, authors, journalists, broadcasters, and others when sued for defamation or invasion of privacy. Anyone who deals with collecting and publishing information should purchase this insurance.

Network Security Liability

Computer and information security liability covers damages or claims caused by unauthorized access to your software programs, computer hard drive, or network hardware devices.

Privacy Liability

Privacy Liability Insurance pays for damages and claims expenses that your company may be obligated to pay if a privacy breach occurs.  Personally identifiable information for clients and employees must be protected under state privacy laws.

Cyber Extortion

Cyber extortion claims occur after your website, e-mail server, or computer system has been subjected to repeated attacks or theft of data by malicious hackers, who then demand money to stop the attacks or to return your data. Cyber insurance can help with data recovery and payments.

First Party Data Protection

This type of insurance covers loss of your digital assets from a breach of your system, equipment damaged by an attack and loss of business income. Your business needs First Party Liability insurance to help recover your data quickly.

Loss of Business Use

Reimbursement for loss of income due to a system failure or service interruption can help your business recover from a partial or total system failure.  Many businesses rely on their networks to conduct business and to connect with clients.

Crisis Response Expenses

After a breach, it is very important to notify the insurance carrier as soon as possible.  An attorney specializing in Cyber Liability can manage notification of those individuals affected by the breach, and assist with legal matters.  A forensics team will work quickly to determine the cause of the breach and help with a plan against future attacks.

Coverage Designed for You

Policy limits and deductible can be structured to address each company’s individual privacy concerns. If one exposure is of greater importance, a higher limit can be written. Cyber coverage requires certain security controls be in place and monitored.

Application Overview

The application is a detailed look at the company policies and procedures to protect their privacy. These are some topics the insurance companies are reviewing.

General Company Information

GROSS REVENUES

NUMBER OF RECORDS

TYPE OF PII OR PIHI

NUMBER OF EMPLOYEES

Privacy Management

PRIVACY POLICIES

PRIVACY CERTIFICATIONS

EMPLOYEE TRAINING

THIRD PARTY CONTRACTUAL OBLIGATIONS

System Controls

EMPLOYEE RESTRICTIONS TO DATA

RECOVER PLANS, POLICIES AND PROCEDURES

FIREWALLS, NETWORK SECURITY, ENCRYPTION

BACK-UP FILES

Prior Claims

PRIOR CYBER INSURANCE COVERAGE

PAST CLAIMS FOR PRIVACY, IDENTITY THEFT, BREACH

PAST EXTORTION

PAST LEGAL INVESTIGATION

How we’ve helped businesses like yours with their environmental insurance needs

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Joan Smith

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State Notifications Laws

Links to some State Notifications Laws.

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How We Save Time
For Our Clients

Hillcrest agents streamline the paperwork, provide fast turnaround for service requests and coordinate claims so our clients can spend time growing their business.

Phone: 860-339-5534
Fax: 860-339-5659
info@hillcrestagency.com

Hillcrest Agency
1201 Boston Post Rd.
Westbrook, CT 06498

How can we help you today?

A little information can tell us a lot before we speak in person. 

 

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CONTACT

P: 860-339-5534

F: 860-339-5659

info@hillcrestagency.com

HEADQUARTERS

Hillcrest Agency

1201 Boston Post Rd.

Westbrook, CT 06498

SERVICE AREA

CT NY NJ
MA RI FL
IL OH TX

 

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