Cyber Liability

 

Cyber Liability

Routine business activities such as taking credit card payments, collecting employee records, launching a website or sending an email can expose organizations to a potential privacy breach. Responding to these incidents can be costly – both in time lost, reputation and expenses.
Therapists who purchase this coverage can get back to business sooner with privacy breach coverage.

Cyber, Data and Privacy Insurance

Our policy protects you before, during, and after a cyber event. Cyberboxx™ helps SMEs stay ahead of cyber threats with great coverage and the addition of accredited employee education and state-of-the art security team – the Hackbusters™ to boost your cyber resilience. Our state-of-the-art Cyber insurance policy combines broad first-party, crime and third- party coverage with access to BOXX’s expert cyber security services and claims professionals.

* Highlights of Cyber insurance include:

  • Boost employees’ cyber awareness with the accredited e-based BOXX Academy
  • Free Pre-breach Expert Consultation with Hackbusters™
  • In-house incident response team – the Hackbusters™ including ransom experts
  • Retention waiver for claims notified within 24 hours of discovery*
  • Enhanced employee coverage includes working from home and their devices
  • Directors and Officers coverage for personal cyber attack
  • Beyond cyber, System Failure coverage resulting from operational use of your systems
  • Reputational and Brand harm as a result of a cyber incident
  • Bricking Loss and hardware damage
  • Dependent Contingent Business interruption built into the Policy
  • Security and Privacy Liability including Cyber Trauma damages
  • Comprehensive crime and fraud cover including both social engineering and client social engineering
  • Post-breach Remediation costs

* Subject to policy terms and conditions

 

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Included within all policies:

Breach Response with the Hackbusters™

Breach response experts will contain
the cyber incident and re-secure your
network if needed. No claim necessary.

 

Hacker
Damages

Costs to repair, replace,
or restore websites or
electronic data.

 

Insider
Threats

Damages that result from malicious acts by an employee to either yours or any third-party system.


Cyber
Deception

Money wrongly transmitted or paid
to a third party from a deception
scheme, also known as social engineering.


Reputation
Damage

Coverage to help you manage your reputation following a cyber attack.
 

Loss of
Business

Lost profits if an incident interrupts your business operations.
 

Legal &
Regulatory Costs

Legal costs due to regulatory fines or requirements to notify customers.
 

Third Party
Liability

Costs associated with claims against you for breach of any privacy law with respect to protection of 3rd party data.

Online & Media
Liability

Protection if your online content infringes someone’s IP rights, including defamation, libel, and slander.

System Failure
(Bricking)

Costs to replace damages to your hardware, in addition to replacement and recovery of data.
 

Prior Acts

Covers claims made on cyber incidents that occurred prior to a policy's purchase, but was not known beforehand.
 

Extortion Costs

Costs of ransom negotiations and ransoms paid, brought to you by the Hackbusters™.

 

 

 

Breach Response In Action

Our Hackbuster™ breach response service is supported by legal, public relations, and risk management experts. As a Cyberboxx™ member, you’ll talk to a member of the breach response team before you even need to file a claim.

For more information on how BOXX Insurance may be of value to you, please feel free to connect with us. We're eager to help!