Cyber liability coverages help protect wood-related businesses from fallout of cyberattacks, data breaches
December 4, 2017—Philadelphia, PA— Pennsylvania Lumbermens Mutual Insurance Company, the largest mutual insurer dedicated to wood-related businesses, today announces the introduction of its Cyber Suite. This new cyber liability insurance offering provides five types of coverage to help businesses respond to digital incidents, including data breaches, intrusions, cyberattacks and damage to data or systems.
The Cyber Suite offers a comprehensive package of cyber coverages, including:
- Data compromise response expense coverage
- Computer attack coverage
- Cyber extortion coverage
- Data compromise liability coverage
- Network security liability coverage
Plus, insureds receive access to risk management and computer diagnostic resources like eRiskHub®. This online portal helps insured business owners prepare for and respond to data breaches and cyberattacks.
“Though we all hear about the big data breaches, cyber risks are an increasing threat to small and medium sized businesses as well—and the lumber and building materials industries are no exception,” says John Smith, president and CEO of PLM. “Our Cyber Suite offering can help cushion our insureds against the expensive and time-consuming task of recovering from cyberattacks and data breaches.”
The Cyber Suite will be available to all property policy holders. With aggregate limits between $50,000 and $1,000,000, it will be included as a coverage enhancement for our insureds and does not require a separate application.
About Pennsylvania Lumbermens Mutual
Pennsylvania Lumbermens Mutual Insurance Company (PLM) (www.plmins.com) is a nationally recognized property and casualty insurance carrier serving the lumber, woodworking and building material industries. Backed by more than 100 years of experience, the Philadelphia, Pa.-based company protects 6,000 businesses nationwide with property, general liability, inland marine, business automobile, commercial excess liability and equipment breakdown coverages.