"For your insurance, we start by finding you discounts."
What is Data Compromise
- Data compromise is a breach to your computers data.
INTENT: To help businesses notify and assist affected individuals following a breach of personally identifying information.
Explanation of First Party and Third Party Coverage
First Party Coverage (Response Expenses)
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
First Party Coverage Limits
SECTION 1 OR FIRST PARTY COVERAGE:
** can be purchased separately or combined with Section 2
Limits:
- $25,000
- $50,000
- $100,000 (Application & Questionnaire Required)
- $250,000 (Application & Questionnaire Required)
- $500,000 (Application & Questionnaire Required)
- $1,000,000 (Application & Questionnaire Required)
Third Party Coverage (Defense and Liability Coverage)
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.
Third Party Coverage Limits
SECTION 2 OR THIRD PARTY COVERAGE:
** cannot be purchased without Section 1 Coverage
Limits:
- $25,000
- $50,000
- $100,000 (Application & Questionnaire Required)
- $250,000 (Application & Questionnaire Required)
- $500,000 (Application & Questionnaire Required)
- $1,000,000 (Application & Questionnaire Required)