Albany, NY Area Insurance - Bryant Asset Protection

Cyber Security Insurance

What is Cyber Security Insurance?

Data theft is on the rise, despite attempts by businesses to protect themselves with firewalls, antivirus protection, and other tools. Cyber security insurance provides coverage for the costs associated with a security breach, either from your electronic database or your paper files. These costs can include stringent requirements under violations of the New York State Breach Law, and subsequent liability claims from individuals whose personal private information has been released.

Most general liability policies exclude data loss and other associated data risk from coverage.

Key benefits of cyber security insurance include:

Coverage for damages to third parties caused by a breach of network security
Breach of privacy coverage - includes damage resulting from alleged violations of HIPAA, Fair Credit Reporting Act, state and federal privacy protection laws and regulations
Customer notification expenses (as required by the New York State Breach Laws) - reimbursement can be provided for the cost to notify, and provide 12 months of credit monitoring, in addition to legal expenses
Coverage for acts of a rogue employee causing damage to your computer network
Public relations expenses to repair your reputation as a result of a data breach
Coverage can be provided for loss resulting from administrative or operational mistakes - this extends to acts of an employee or outsourced IT provider
Coverage for loss of your digital assets, and the extra expense involved in retrieving or fixing these as a result of intrusion or virus
Emergency response expenses incurred because of an incident can be included

If this sounds like a coverage that would be useful to you, we have an application form available for download below. Please contact us if you would like more information about obtaining this important protection for your organization.

Attached file: CyberInsurance

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Cyber Security Insurance

What is Cyber Security Insurance?