Cyber, Privacy & Data Breach Liability Insurance Program
At Canyon Interstate Insurance, we offer Cyber, Privacy & Data Breach coverage for companies of all sizes. For large, multi-billion dollar companies, we can obtain the best terms possible, partnering with the 20+ cyber markets to which we have access, and customizing coverage to address their needs. For small start-ups to companies up to $100 M in revenues we have designed a new program that offers broad and flexible coverage.
Almost every business has exposures related to privacy, data and networks these days, and with the laws continually evolving, it can be very difficult to know what your exposure is. Whether compromised credit card transactions or years of paper files going missing, whatever the exposure, we can help.
1st Party coverage for costs associated to breach:
3rd Party Liability coverage related to a breach:
This covers the costs to defend and indemnify or settle claims related to a breach of Personally Identifiable Information (PII) including credit card numbers, social security numbers, bank account information, as well as personal health information or sensitive corporate information.
This can cover costs related to:
Multi Media Coverage – as part of a good privacy and cyber policy you should consider media coverage. This can cover online advertising, intellectual property including copyright and trademark infringement, or claims related to libel / defamation.
Cyber Extortion – Hackers are getting more and more aggressive in their online tactics. Coverage is available in the instance of a hacker threatening to destroy or damage your network / data including ransom payments when they are extorting you.
Cyber Business Interruption – coverage is available for companies that rely heavily on the internet or their network for their revenue. This is something that would typically not be covered under a General Liability policy and needs to be specifically addressed if you have the exposure.
Hacker Damage – IT is a large investment for most companies. Hacker coverage can cover your costs to rebuild your network if you were to suffer damage to your website, intranet, network, or any data you hold electronically.
In addition to these protections, we would give you access to risk management and loss prevention services to help avoid a breach all together. In addition, post breach services, such as access to a Breach Coach, will assist you right when a breach occurs and provide you access to the best vendors in this space at pre-negotiated rates.