CyberSuite Coverages

We are proud to offer a variety of technology-focused coverages.  Let this glossary help you understand the options available, so you  can help design a customized cyber solution.

Data Compromise

Provides first party and third party coverage designed to provide the insured with the resources to  respond to a breach of personal information. Coverage helps the insured to comply with breach  notification laws and provides defense and settlement costs in the event of a suit related to a breach  of personal information.

Identity Recovery

Designed as a companion to Data Compromise, it provides owners of the insured business with a  dedicated help line support, case management service and financial resources to recover control of  their identities after an identity theft including legal fees if necessary.

Computer Attack

A first party coverage designed to respond to a computer attack that damages the insured’s data  and systems. Coverage helps with costs associated with data and system restoration or recreation,  loss of income and public relations assistance. Examples of a computer attack include hacking into the  computer system, an attack against the system by a virus or other malware and a denial of service  attack against the system. 

Cyber Extortion

A first party coverage designed to help an insured respond to an extortion threat including cost of a  negotiator or investigator retained and any amounts paid in response to a credible threat for the  purpose of eliminating such threat. 

Network Security Liability

A third-party coverage designed to provide defense and settlement costs in the event of a suit  alleging that a system security failure on the part of the insured caused damage to a third party.

Misdirected Payment Fraud

Provides coverage when the insured is a victim of a wrongful transfer event – an intentional and  criminal deception of the insured (or financial institution where the insured has an account) by a  person who is not an employee using email, facsimile or telephone to conduct the transfer – resulting  in a direct financial loss. 

Computer Fraud

Provides protection when the insured is the victim of a computer fraud event or unauthorized access  to the computer system that leads to intentional, unauthorized and fraudulent entry or a change to  data or instructions within the computer system. 

Electronic Media Liability

Coverage is triggered by the receipt of notice of an electronic media liability lawsuit − which can be a  civil action, an alternate dispute resolution proceeding or a written demand for money − alleging that  the electronic display of information on a website resulted in infringement of another’s copyright,  unintended defamation against a person or organization or a violation of right to privacy.