Cyber Liability

Caitlin Morgan Insurance Services works with several carriers to provide Cyber coverage to respond to a numerous amount of exposures. We can customize a policy for the programs we write, including for healthcare and educational entities and provide coverage for a wide range of businesses.

What’s Covered

• First-party coverage- First-party coverage offers financial compensation to help an insured address immediate customer and business needs.
• Third-party defense and liability coverage. Third-party coverage protects a client in the event of a lawsuit brought by a customer or partner in the event of a data breach.

First-Party Response

The following costs be covered depending on the policy:

• Legal and forensic services to determine whether a breach occurred and assist with regulatory compliance if a breach is verified
• The costs involved to notify affected customers and employees
• Customer credit monitoring
• Crisis management and public relations to educate customers about the breach and rebuild a company’s reputation
• Business interruption expenses
• Cyber extortion reimbursement for perils including credible threats to introduce malicious code; pharm and phish customer systems; or corrupt, damage, or destroy your computer system

Third-Party Defense and Liability

The following may be covered depending on the policy:

• Judgments, civil awards, or settlements a client is legally obligated to pay after a data breach
• Electronic media liability, including infringement of copyright, domain name, trade name, service mark, or slogan on an intranet or Internet site
• Potential coverage for employee privacy liability as well as network security and privacy liability