Cyber Privacy Liability insurance covers First Party and Third Party against the following;
Third Party Security and Privacy Liability
Cover liability and expenses from security or privacy breach by company, outsources or independent contractors
First Party Regulatory Defence Cost
Cover defence and penalty costs, caused by privacy breach.
First Party Crisis Management Costs
Legal costs to comply with privacy regulations, credit monitoring, public relation and other legal requirement resulting from data, privacy or security breach.
First Party Cyber Extortion
Extortion expenses and monies required to release company’s digital assets which are seized by unauthorized assets.
First Party Loss of Digital Assets
Expenses and costs incurred from damage, alteration, theft, destruction of company’s digital assets caused by DOS, Malicious Code or unauthorized access to computer system.
First Party Business Interruption Expenses
Cover Income Loss and extra expense resulting from total or partial failure of computer system caused by DOS, Malicious Code and unauthorized access to computer system.
