Cyber Liability Insurance
Cyber Liability Insurance Information
Cyber Liability /Data Breach Insurance
To help combat the exposure of data breaches and cyber-attacks, ISU Paragon offers more than just risk transfer. We have primary capacity availability to meet the needs of large insureds, with up to $100 million per insured for qualifying risks globally. Our services include a proactive consultative analysis in underwriting each risk, managing the claims process, and coordinating loss control services both pre- and post-incident. ISU Paragon’s Cyber Security Liability program provides both First and Third Party coverage for numerous classes of business. Through multiple Insuring Agreements, a wide range of cyber liability exposures are addressed. Coverage is available nationwide on either an admitted or non-admitted basis.
Provide an “outside looking in” perspective on business operations with coverage limits and policy features. This is provided on an ongoing basis throughout the life of the policy. This analysis combines data from multiple vendors with our carrier partners’ own proprietary claims data, giving insured's insight into current threats that could lead to a compromise of the network or a data breach.
FIRST PARTY PROTECTION
Digital Assets Coverage
Non-physical Business Interruption Expense
Marketing and Public Relations
Funds Transfer Fraud
THIRD PARTY PROTECTION
Network Security and Privacy Liability
Employee Privacy Liability
Electronic Media Liability
Loss Control Services
Technology Security Defense - reviews the implementation and compliance with industry standard security controls to safeguard information. Enterprise Risk Management - measures the completeness of vision and cultural awareness of information security and privacy at the Board level. Incident Response Capabilities - measures the detection and response capabilities in the event of a network security or confidential data compromise. Business Interruption Calculation - determines the financial outcome and ability to recover from a interruptions operations.
Does your firm have complete liability coverage for exposure?
Loss of income
Coverage for legal fees
Computer forensic costs
Customer Notification Expenses
Regulatory fines and penalties coverage
Comprehensive interruption expenses coverage
Damages to third parties caused by a breach of network security
Why Cyber Liability /Data Breach Insurance?
You can budget for the cost of the coverage, but as an employer in today’s litigious environment, you can’t budget for lawsuits for unforeseen errors. With Cyber and Data Breach Liability Insurance, you can transfer defense and settlement costs to an insurance company that has a longstanding tradition of managing E&O claims, rather than your company paying those unknown costs. Most General Liability policies specifically exclude this coverage for most industries
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We can evaluate your business’s needs and find a policy that offers the best possible protection against cybercrime.