Coverage
With network attacks and security becoming a significant global issue, we cover you for direct first party losses and third party claims.
Crisis Management
- Data Forensic Expenses - costs incurred to investigate, examine and analyse a computer network
- Breach Consultation Costs - legal assistance
- Costs to Restore - research, replace, restore or recollect software and any electronic data due to a network attack
- Breach Response Costs - Notification Services, Call Centre Services, Credit Monitoring Services and Identity Theft Resolution services
- Public Relations Expenses - costs to help protect your business’ reputation after a data breach
Business Interruption
- Business Interruption - includes net profit or loss and extra expenses as a result of a network attack on an insured’s network
First Party Coverage
- Hacker Theft Cover - fraudulent or erroneously paid funds
- Network Extortion Coverage - costs to avoid, defend or preclude extortion
- Loss Adjustor Costs – fees of a qualified external expert to determine the extent and loss amount
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Third Party Coverage
- Third Party Liability- related to privacy, personal information; corporate information; Media and Social Media (including defamation, intellectual property rights and plagiarism)
- Regulator Liability– claim for loss against the company made by a regulator
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- Investigation Liability– costs for formal investigation in response to Regulator
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- PCI DSS Cover–claim for loss against the company made by a payment card provider due to breach of PCI DSS
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- Consumer Redress Fund Cover– to establish a fund for the payment of consumer claims
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Extensions
- Emergency Costs– include Defence Costs & Loss Mitigation Costs
- Loss Mitigation Costs– Engagement of loss mitigation advisor to help avoid or minimize any potential claim or business interruption loss
- Personal Reputation cover – cost for public relation firm to mitigate or reduce damage to the reputation of any executive officer caused by a breach
Important Note
Disclaimer
The product information detailed in this section does not outline all aspects of cover nor does this serve as an insurance contract. Please refer to a copy of our policy wording, which is available on request, for details of the coverage conditions and limits; or contact our Sompo authorized agent or your insurance broker for more details.