For specific information on Cyber Insurance, please contact:
Christopher Fill, Senior Vice President and Executive Director
In evaluating Cyber Insurance, it is important to understand the risks and exposures an insurance policy may or may not address. While there are numerous standard products available in the marketplace, we believe that one size does not fit all. Since the terms and conditions of each Cyber Insurance product vary greatly, we examine and modify each offering to present a recommended solution that is tailored to our clients' unique needs.
Many professional service firms consider expenses related to a privacy or security data breach, such as statutory notification costs, to be of paramount concern.
Cyber Insurance policies provide access to data breach consultants and panels of experts to assist firms that suffer data breaches. This insurance pays expenses for forensic investigation and public relations, as well as notification costs, credit monitoring, and consumer education and assistance costs arising out of a data breach. Some policies also cover the cost of retaining outside counsel to evaluate the firm's potential obligations for a breach.
Cyber Insurance can also be designed to cover the following additional exposures:
Our process for discussing Cyber Insurance is educational and consultative:Phase 1