Cyber Security Insurance
SVMIC policies include $50,000 in coverage for the following:
Privacy Breach Response Coverage
Includes coverage for reasonable legal, public relations, advertising, IT forensic, call center, credit monitoring and postage expenses incurred by the insured as a result of a privacy breach. Also, now includes reasonable mitigation costs and expenses.
Network Asset Protection
Coverage for reasonable and necessary sums incurred to recover and/or replace data that is compromised, damaged, lost, erased or corrupted due to accidental damage or destruction of electronic media or computer hardware, administrative or operational mistakes in the handling of electronic data, or computer crime/attacks. Coverage also extends to business income loss and interruption expenses incurred as a result of a total or partial interruption of the insured’s computer system caused by any of the above events.
Coverage for extortion expenses and extortion monies incurred as a direct result of a credible cyber extortion threat.
Loss of Income (Brandguard®)
Coverage for lost revenue directly from an adverse media report and/or notification to patients of a security or privacy breach.
Coverage for business income loss and interruption expenses incurred as a result of total or partial interruption of the insured’s computer system due to a cyber terrorism attack.
PCI DSS Assessment
Coverage for fines and penalties levied by the Payment Card Industry Data Security Standards Council (PCI DSS) against merchants that are not PCI DSS compliant.
Privacy Regulatory Defense & Penalties
Coverage for defense costs and regulatory fines incurred in defending against regulatory investigations of privacy or security breaches.
Coverage for third party claims alleging copyright/trademark infringement, libel/slander, advertising, plagiarism and personal injury for both online and offline media.
Security & Privacy Liability
Coverage for both online and offline information, virus attacks, denial of service and failure to prevent transmission of malicious code.
We also offer access to discounted rates on increased limits for cyber security coverage through our partnership with NAS. For more information on Cyber Security Insurance, including help determining whether you need additional coverage, please contact us.
For more information on managing your cyber security risk, please visit our Resource section.