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.