CYBER LIABILITY

Policies that cover a variety of both liability and property losses that may result when a business engages in electronic/online activities (virtually every business), such as selling on the Internet or collecting customer or employee data.

Cyber and privacy policies cover a business’ liability for a data breach in which their customers’ personal information is exposed or stolen by someone who has gained access to the firm’s network.

The policies cover a variety of expenses associated with data breaches including:

  • notification costs
  • credit monitoring
  • costs to defend claims by state regulators
  • fines and penalties
  • loss resulting from identity theft

Policies also cover liability arising from website media content, as well as property exposures from:

  • business interruption
  • data loss/destruction
  • computer fraud
  • funds transfer loss, and (e) cyber extortion

If you are looking for coverage for technology professionals, please see ourĀ misc professional liability section or contact Cincinnati Intermediaries for additional information.

INFORMATION NEEDED FOR COVERAGE PROPOSAL