Download our exclusive Cyber Liability whitepaper! And click here to access our Cyber Liability Risk Management checklist!
Brokerage
Cyber Liability
At Breckenridge Insurance, our expert brokers understand the vulnerability, expense and far-reaching impact associated with data security breaches for organizations of all sizes. In today’s data-driven world—where vast and sensitive information is stored and transferred electronically on customers, clients, patients and intellectual property—it’s imperative to get the right coverage in place. Taking a proactive approach with your insureds is the best way to protect them and their hard-earned, trustworthy reputation.
Many carriers are re-assessing their entire books of cyber, changing terms, decreasing coverage, and increasing rates. How can you help your insureds? Click here to access our Cyber Liability whitepaper, written by Breckenridge Insurance’s Victoria Dearing.
Or, hear Vicky’s insights into the cyber market by registering below for our on-demand Cyber Liability webinar:
More Resources:
- Known Exploited Vulnerabilities Catalog – U.S. Cyber Defense Agency (CISA)
- CISA Email: vog.shd.asic@lartnec
- CISA Cyber Resource Hub
- Stop Ransomware and Resources
- Whitepaper: Cyber Has Gone Loco!
- Cyber Liability Risk Management Checklist
- Multi-Factor Authentication Factsheet
- FireEye Cyber Threat Map
- How Much Does a Public School Stand to Lose When Cyberattacks Go Undetected?
- 3 Vital Ransomware Realities Every Business Needs to Know to Remain Protected — and How One Insurer Is Already Ahead of the Game
- Is Ransomware Protection Even Plausible? Here’s What the Experts Say
- Guidance on the Protection of Personal Identifiable Information
- The Hacker News
- Self-serve portal for cyber quotes (appointed agents only)
- Access to A.M. Best A+ Superior Rated carriers
- Experienced Cyber Liability Team
- Limits available $25mm+
- Primary and XS Available
- Responsive Service and Support
- As little as 24-Hour Turnaround
- Financial Institutions
- Healthcare
- Higher Education
- Lawyers
- Data Security
- Retail
- Network Providers
- Security and Privacy Liability
- Event Management
- Network Business Interruption
- Cyber Extortion
- Breach Response
- Forensic and Legal Assistance
- Regulatory Coverage
- Cyber Crime/Social Engineering
- Contingent Bodily Injury
- Breach Costs Outside the Limits
- Public Relations and Reputation Restoration
*Not all coverages are available for all risks. Some coverages are sublimited.
- Cyber breaches are mostly a result of foreign offshore sophisticated hackers.
- False: Any lost devices, viruses, or disgruntled employees could compromise your data integrity.
- Only large retail and the healthcare system are at risk of hacking.
- False: Small businesses are vulnerable and may not be as well equipped to handle. They regularly face in excess of $200,000 in costs associated with a breach.
- All Cyber exposures are covered under general liability coverage.
- False: The increased risk today means less coverage with general liability policies.
- Using cloud storage service reduces risk and liability.
- False: Despite proactive efforts, cloud storage does not reduce cyber threats.
- The cost of a breach is limited to notification expenses and credit monitoring.
- False: Although 46 states require notification, there are legal costs and significant business disruption and reputational costs
Highlights
- Access to A.M. Best A+ Superior Rated carriers
- Experienced Cyber Liability Team
- Limits available $25mm+
- Primary and XS Available
- Responsive Service and Support
- As little as 24-Hour Turnaround
Target Classes
- Financial Institutions
- Healthcare
- Higher Education
- Lawyers
- Data Security
- Retail
- Network Providers
Coverages Available*
- Security and Privacy Liability
- Event Management
- Network Business Interruption
- Cyber Extortion
- Breach Response
- Forensic and Legal Assistance
- Regulatory Coverage
- Cyber Crime/Social Engineering
- Contingent Bodily Injury
- Breach Costs Outside the Limits
- Public Relations and Reputation Restoration
*Not all coverages are available for all risks. Some coverages are sublimited.
Additional Information
- Cyber breaches are mostly a result of foreign offshore sophisticated hackers.
- False: Any lost devices, viruses, or disgruntled employees could compromise your data integrity.
- Only large retail and the healthcare system are at risk of hacking.
- False: Small businesses are vulnerable and may not be as well equipped to handle. They regularly face in excess of $200,000 in costs associated with a breach.
- All Cyber exposures are covered under general liability coverage.
- False: The increased risk today means less coverage with general liability policies.
- Using cloud storage service reduces risk and liability.
- False: Despite proactive efforts, cloud storage does not reduce cyber threats.
- The cost of a breach is limited to notification expenses and credit monitoring.
- False: Although 46 states require notification, there are legal costs and significant business disruption and reputational costs
Contacts
Victoria Dearing MBA, AAI, CPCU, RPLU, ARM-P
SVP Professional Liability and Risk Management
Dallas, TX
Office: 469.320.4033
Panel: Overcome the Challenges in Cyber Broking from Quote to Claim
“Again, I want to thank you for all your help! I really do appreciate it. I don’t think there are many companies out there who would be willing to work with us as much as you did!!”
Insurance Agency Office Manager
Cyber Liability was last modified: December 7th, 2023 by