It could be a lost flash drive, or a persistent attack by hackers a world away. Every data breach is different, and every one requires a smart, strategic response.
Your commercial package policy may have a cyberliability extension, but take a hard look at the coverage provided. Endorsements typically carry low limits and few options. If first-party coverage is provided, limits may be inadequate for the exposure. For third-party liability, coverage may fall short in key areas, such as responding to acts of rogue employees. Does it address regulatory fines and penalties? Does the insurer have the duty to defend?
With our members-only product, your agency can secure comprehensive coverage for the expenses incurred to respond to a breach and have experts standing ready to deliver the well coordinated response you need to mitigate financial damages and protect your reputation.
It encompasses everything from forensic investigation, legal, compliance and public relations services to breach notifications, call center servicing and ongoing credit and data monitoring.
To learn more, contact Laura Cornell with IIABSC Agency (803.760.1227, lcornell@iiabsc.com) or visit our cyberliability webpage.