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Data Compromise

Our Data Compromise Coverage protects the First Party-related expense of services business owners need to respond to a data breach, which might include:

  • Legal review of notification obligations.
    • IT support to assess extent and nature of breach.
      • Preparation of notification letters.
        • Toll-free help line.
          • Credit monitoring for affected persons.
            • Identity restoration case management for identity.
              • Theft victims.
              • Related Third Party defense costs and liability directly arising from the covered cause of the loss are also included. Data Compromise Coverage is offered through our Businessowners, Contractors, Garageowners and Commercial Package policies.

                 

                WE CAN HELP

                Almost all states have enacted laws requiring notification of breaches involving personal information. These laws mandate prompt notification and may impose civil or criminal penalties for failure to promptly disclose the data breach. If a business has customers in more than one state, the business is vulnerable to respond to multiple data breach laws in all states where their customers reside. Additionally, some federal laws, such as HITECH and Red Flag rules, can impact medical risks and risks involved in financial credit. With our Data Compromise Coverage, you can provide your small- and mid-sized business clients with an effective turnkey solution.

                 

                ABOUT THE RISKS

                Virtually all businesses collect personal data on clients, employees and others. Did you know...

                • Small- or mid-sized firms are less equipped to protect private a personal data.
                  • Most organizations will experience a personal data breach at some time.
                    • Identity thieves target smaller companies since their records are easier to steal.
                      • Studies show almost 60 percent of consumers terminated or considered terminating their relationships with businesses that experienced a data breach.
                        • It’s the law. Almost all states now have laws requiring notification of security breaches involving personal, non-public information.

                         

                        ABOUT THE COVERAGE

                        Data Compromise Coverage covers the expense to respond to a data breach with services to assist business clients, employees and others affected, including:

                        • Legal review of notification obligations in each state.
                          • Help to find who was affected by the breach and how to notify them.
                            • Preparation and production of notification letters.
                              • Toll-free help line.
                                • Credit monitoring for affected persons.
                                  • Identity restoration case management for identity theft victims.
                                  •  

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