The Hartford Insurance Data Breach and Cyber Liability Insurance is available for quoting in Denver Colorado. What is covered and Do you need it?

Small Business Statistics

• 64% of data breaches investigated in 2010 were from organizations with fewer than 100 employees
• 95% of all credit card breaches are against small businesses
• 52% of small business owners reported they have no data security policy

Data Breach Defined

Loss, theft, accidental release or accidental publication of Personally Identifiable Information (PII) and Protected Health Information (PHI) including:

• Social security number
• Bank account number
• Credit or debit card numbers
• Drivers license number
• Email address
• Patient history and medications

How a Breach Can Occur

• Hacking
• Theft or release due to unauthorized access (such as by former employees or vendors)
• Stolen or lost paper and electronic files
• Stolen or lost laptop, smartphone, tablet, or computer disks
• Stolen credit card information
• Employee error or oversight

Who Needs Data Breach Coverage

Any business, small or large, that handles or stores any private business, customer, patient or employee data is at risk. The following businesses are at a higher risk for a data breach because of the quantity and type of sensitive information they handle and store:

• Healthcare practices
• Law offices
• Accounting offices
• Retailers
• Restaurants
• Financial Services

How Data Breach Insurance Can Help

Offers time-saving professional services to help quickly restore your business reputation, guide you in handling a breach and assistance with regulatory compliance:

• Covers response expenses, including mailing notification letters, credit monitoring services and public relations
• Provides coverage for defense and liability expenses in the event you are sued because of a breach

Insurance Coverage Details

Coverage includes:

• Legal and Forensic Services to assess whether a breach occurred and assistance with regulatory compliance if it is determined that a breach occurred ($5,000 sub-limit applies)
• Notification to impacted customers and employees and associated expenses such as letter preparation and mailing costs
• Crisis Management/Public Relations to inform your customers a breach has occurred and to help restore your business reputation
• Good Faith Advertising Services to organize and create a media response ($5,000 sub-limit applies)
• Monitoring Services to pay for credit, fraud, public records or other monitoring alerts, if warranted

Available Limits: $10,000; $25,000; $50,000; $100,000
Per Claim Deductible: $1,000 for $10,000 and $25,000 limits; $2,500 for $50,000 and $100,000 limits

Defense and Liability Expense (3rd Party)

• Coverage for civil awards, settlements and judgments that you are legally obligated to pay

Available Limits: $50,000; $100,000; $250,000; $500,000
No deductible applies
Defense costs are within limits

Service Details

Access to a Data Breach Web Site Providing:

• Tips and resources to help you minimize the chance for a breach and safeguard PII and PHI
• Legal requirements by state
• Information on how to create a data breach incident response plan
• Guidance on what needs to be done if a breach occurs

Team of Breach Experts Who Will:

• Assist you if you believe a breach has occurred and determine the potential severity of the breach
• Consult on next steps to address a breach situation

Getting started is easy. Call or email for a quote.