Executive Liability Solutions

Of all the risks that threaten your company,
the worst could come from some kid in a basement.


OK, let’s start with the coolest question first: What exactly is Cyber Liability Insurance?

Cyber Liability addresses the first- and third-party risks associated with e-business, the Internet, networks, and informational assets. Cyber Liability Insurance coverage offers cutting-edge protection for exposure arising out of online communication. The concept of Cyber Liability takes into account first- and third-party risks. The risk category includes privacy issues, the infringement of intellectual property, virus transmission, or any other serious trouble that may be passed from first to third parties through the Web.

Short version: If you do business on line, even if it’s just email, you’re exposed.

When do I need Cyber Liability Insurance?

Anyone with a Website now has the legal liabilities of a publisher, and the Internet — that technological wonder of worldwide communication — has spun a whole new “web” of liability exposures. Creating a website is simple (in theory, anyway). The exposure that comes with it is not. Privately owned companies that venture onto the World Wide Web face liability exposures that are emerging, evolving, and complex.

Commercial companies that disseminate information to the public through websites face the same legal exposures as publishers, yet most have little or no concept of their resulting legal responsibilities. Moreover, new legislation continues to create potential liabilities, particularly in the areas of user privacy and domain name infringement.

Why do I need Cyber Liability Insurance?

Traditional liability products do not address Internet exposures and the risks involved in Internet business have blossomed with the Net itself. That’s why you need Cyber Liability Insurance from Executive Liability Insurance.

Cyber Liability affords protection in the event you’re legally liable for failing to protect personal identification information (PII) or the corporate confidential information of others. The scope of coverage continues to evolve, and what started with Media / Website Liability ignorance now includes:

  • Network Security and Data Privacy
  • Cost of Notification to Compromised Individuals
  • PCI–Related Fines, Penalties, and Assessments
  • Business Interruption and Data Asset Recovery Costs
  • Regulatory Fines, Penalties, and Defense Costs
  • Firsty-Party Loss (including call center services, forensic investigative costs, and credit monitoring)

No two Cyber Liability policies are alike, and it is imperative not just to place the insurance, but to place the most comprehensive policy in order to afford maximum protection.

For a company operating in today’s high-tech world, your computer network will more than likely provide internal and external email. You undoubtedly have your own website providing information about your company, its products and services, and even the possibility of e-commerce. If you’re ready to do something about this, call or email us for more information. Better yet, get a policy quote by clicking that little black speech bubble down there.

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