Are you concerned about your Cyber, Privacy and Data Security risks?
Cyber risk has become an ever-present concern for businesses and organizations of all sizes and industries. Today, even with the best planning, not every cyber and data security event can be avoided, or prevented.
With many insurance carriers offering standalone cyber insurance policies, companies have many options to choose from and must carefully conduct their due diligence when reviewing varying policies and coverage options. That’s why its advisable you work with an experienced cyber insurance broker, such as Cyber Data Risk Managers who specializes in cyber insurance and understands the differences between the various cyber/data breach insurance policies and coverages that are available today.
Whether you’re exploring cyber insurance for the first time, or have an existing cyber insurance policy that’s renewing soon, our experienced team of industry leaders and well-respected cyber insurance experts/brokers can help your company navigate the cyber insurance policy selection, underwriting and purchasing process. We have in-depth knowledge of the industries and cyber exposures we cover and can help create and customize a cyber/data breach insurance policy that best suits your company’s simple or complex needs.
CYBER INSURANCE POLICY HIGHLIGHTS
- Over 60+ cyber insurance carriers
- Worldwide coverage
- Premium financing program available
- Access to a 24/7 team of Incident Response experts
- Contractual indemnifications available
- Minimum available liability limit: $100k
- Available cyber liability limits up to $500 million
Coverages available may include:
Coverages available may include: Network Security Liability, Privacy Liability (Including Employee Privacy), Breach Response, Privacy Regulatory Defense, Fines and Penalties, Errors and Omissions, Forensics, Multimedia Liability, PCI Fines and Penalties, Network Business Interruption, Data Loss, Cyber Crime, Cyber Extortion and Cyber Terrorism.
While cyber insurance is not a substitute for preventing a security incident or a data breach from occurring, most companies need coverage for network security and privacy losses that occur despite the controls they have put in place. Cyber/data breach insurance helps companies and organizations get back to business after a cyber attack and/or data breach. There are policy conditions, so you will want to make sure you understand upfront what’s required on your part for coverage to apply.
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Complete our secure online quote form
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- 24-48 hour turnaround time
- Highly experienced cyber insurance experts will assist your company.
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Once you have made your policy selection, you're 75% on your way to getting cyber coverage.
What is cyber insurance?
Cyber insurance protects against data losses and/or unauthorized access or theft caused by unauthorized or criminal activity that may be lurking in your company's networks, software applications, emails and mobile devices. Personal identifiable information (PII), Personal health information (PHI) theft/loss and Third-party business information, network intrusions, data breaches, employee errors, lost income because of system downtime, ransomware attacks – these and more are the types of losses that a cyber insurance policy typically covers. Coverage is offered for first and third party losses.
How much does cyber insurance cost?
Cyber insurance policy premiums are “not one size fits all”, as premiums are factored on a company’s industry, services, type of sensitive data stored/collected/processed, total number of PII/PHI records, data risks and exposures, computer and network security, privacy policies and procedures and annual gross revenue, and more. Take a peak at some of our client's actual cyber insurance premiums.
Who is Cyber Data Risk Managers?
Cyber Data Risk Managers, is a highly experienced cyber insurance specialist broker in the United States, and in Australia, and is one of the rare few brokers who has years of experience and expertise helping companies, enterprises and organizations of all sizes, sectors, and industries with their complex or simple cyber insurance needs.
Why Cyber Data Risk Managers?
- We're a highly experienced cyber insurance specialist team and recognized cyber insurance experts. Visit our Press Room to read our recent media press.
- We have access to 60 + cyber insurers, including customized Lloyds of London cyber insurance programs.
- We save our clients time, money, and headaches by helping align complex cyber and data risks with appropriate cyber insurance coverages.
- We work fast, and while we cannot promise a quote within 15 minutes (when it comes to cyber, the 15 minute cyber policy should not be your goal) your needs are our #1 priority!
Cyber Risk Exposure Checklist
First-Party vs. Third-Party Cyber Insurance
Cyber risk can be spread over a wide range of first-party and third-party cyber insurance coverages. First-party cyber insurance coverage covers losses suffered directly by an Insured. Third-party cyber insurance coverage covers losses associated with an insured’s liability for damages suffered by a third party.
First-party Cyber Insurance Checklist
Ready or not, data breaches happen. When one happens, there’s no time for errors, or patience from regulators and the individuals involved in the data breach. Cyber insurance can help a company or organization be prepared ahead of time, and leaves little room for error when responding to an incident.
If any of these first-party risks apply to your company or organization, then first-party cyber insurance coverage should be explored.
Third-party Cyber Insurance Checklist
Dealing with the aftermath of a data breach can take countless hours of commitment from staff, taking time away from their normal day to day responsibilities and wasting valuable human resources. Sometimes it is not so much the breach itself that is the problem but the handling of the breach that worsens its impact.
If any of these third-party risks apply to your company or organization, third-party cyber insurance coverage should be explored.