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.

  • A.M. Best A+ Superior Rating
  • 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
  • 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

  • A.M. Best A+ Superior Rating
  • 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
Lines of Business

  • 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
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
Victoria Dearing MBA, AAI, CPCU, RPLU, ARM-P

SVP Professional Liability and Risk Management

Dallas, TX

Office: 469.320.4033

moc.sikcerb@gniraedv

Beth Preston
Beth Preston, CPCU, RPLU

Regional VP, Managing Broker

Portland, ME

Cell: 603.556.0604

moc.sikcerb@notserpb

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: March 1st, 2022 by Adam Rawlings