Cyber Liability

Cyber threats are a reality of doing business today.  We are all too familiar with the data breaches that have occurred at household names such as Anthem, Target, Home Depot, Staples and Sony.  Cyber risks are pervasive throughout all industry segments and businesses, regardless of size.

To address this new age of crime, cyber liability insurance should be a part of every firm’s insurance program. Cyber liability or data breach insurance may include first-and-third-party coverages.  First-party may include notification expenses required to inform individuals whose personally identifiable (PI) information may have been compromised, forensic costs to pinpoint how the breach occurred, PR and crisis management expenses, regulatory fines and penalties, and more. Third-party coverage may include judgments, civil awards, or settlements you’re legally obligated to pay after a data breach.

HAWK will work with you to evaluate your exposures, mitigate risk, and review coverage options.  The policies we secure can be written to cover the following:

• Denial of service attacks or inability to access websites or systems
• Unauthorized access to, use of, or tampering with data
• Disclosure of confidential data (invasion of privacy)
• Loss of data or digital assets (malicious or accidental)
• Introduction of malicious code or viruses
• Cyber extortion or terrorism threats
• Personal media injury (defamation, libel, or slander) from electronic content
• Regulatory action, notification, or defense expenses
• Crisis management and public relations expenses
• Data or system restoration
• Business interruption expenses

Start a conversation with a HAWK Commercial Adviser to discuss coverage options best suited for your operations and risk tolerance.