Cyber Liability - Would Your Business Survive a Security Breach?
Cyber Risk is a growing issueVirtually every business relies on data and computer systems. When these systems experience a virus or other computer attack, a business is at risk of losing critical information. This information is frequently essential to daily operations, and computer attacks can expose a business to third-party liability. Computer viruses are a growing problem, and a cyber attack can significantly impact a business’ bottom line. System and data recovery can result in lost income, and can tally thousands in recovery costs. What’s more, liability from insufficient systems security can lead to expensive litigation.
CyberOne™ coverage meets this growing needCyberOne™ insurance helps pay for the costs associated with restoring computer software and recovering data. And, this coverage also protects against third-party liabilities a business might have as a result of a failure of system security.
Highlights of CyberOne™ coverage, terms and conditionsFIRST-PARTY COVERAGE: $50,000 default limit; other limit options available. First-party coverage is triggered by a “computer attack.”
- An unauthorized person gaining access to the insured’s computer system.
- A malware attack.
- A denial of service attack.
- Data Restoration from electronic sources and Systems Restoration: $50,000 default limit; other limit options available.
- Data Recreation from non-electronic sources: optional, $5,000 sublimit.
- Business Income: optional, $10,000 sublimit.
- Public Relations: optional, $5,000 sublimit.
- A breach of third-party business data (optional).
- An unintended propagation of malware.
- A denial of service attack in which the insured unintentionally participated.