What is Data Compromise

Personally identifying Information relating to individual people (includes employees, customers & vendors.  

FIRST PARTY TRIGGER:  Loss, theft or inadvertent release of personal  information 

LOSS TYPES: 

- Electronic theft

- Physical theft of electronic data

- Physical theft of hard copy files

- Procedural errors  

SUMMARY OF FIRST PARTY COVERAGE:

- Forensic I.T and legal consultation

- Expenses related to notifying affected individuals and regulatory authorities

- Credit flagging and case management

- Public Relations Expense

Costs of defense, costs of settlement or judgement  

THIRD PARTY TRIGGER:  Triggers when the Insured receives a Third Party  suit or claim arising out of the first party triggering event.