Cyber insurance
I have not been able to join on the last few monthly calls and know I am missing out on helpful conversation.
I am curious about cyber insurance and any information or experience you could share about if you have it, what it covers, how to evaluate what you need, is it costly?
I have been tasked with exploring this coverage and will reach out to our broker but wanted to hear from your experince first.
Thank you in advance!
Hi Laura - we use CAMICO
Laura,
Sorry, just saw this. We have cyber through a company called Coalition. We have $1 mil. coverage and $5k deductible - costs under $3,000 per year.
Here are our coverages:
A. NETWORK AND INFORMATION SECURITY LIABILITY $1,000,000 $5,000
B. REGULATORY DEFENSE AND PENALTIES $1,000,000 $5,000
C. MULTIMEDIA CONTENT LIABILITY $1,000,000 $5,000
D. PCI FINES AND ASSESSMENTS $1,000,000 $5,000
E. BREACH RESPONSE $1,000,000 $5,000
F. CRISIS MANAGEMENT AND PUBLIC RELATIONS $1,000,000 $5,000
G. CYBER EXTORTION $1,000,000 $5,000 $5,000
H. BUSINESS INTERRUPTION AND EXTRA EXPENSES $1,000,000
I. DIGITAL ASSET RESTORATION $1,000,000 $5,000
J. FUNDS TRANSFER FRAUD $250,000 $25,000