Protection for loss or damage and liability arising out of unauthorized use of, or unauthorized access to electronic data or software within your network or business. It indemnifies both first party and third party losses. First Party Coverage: network repair due to cyber-attack; data loss and system storage; business interruption; crisis management; public relations expenses; notification expense; and cyber extortion. Third Party Coverage: defense cost and legal liability; and claims arising from negligent transmission of virus to third party who used the company's website for business transaction.
What are the information/documents needed for Cybercrime Insurance?
- Assured’s Name
- Nature of Business
- Geographic Exposure
- Current Security & Data Protection Measures
- Broker of Record (BOR) – form will be provided by Trinity