There is no doubt you have been fielding many questions about cyber liability in recent years. With highly publicized data breaches in the news, digital safety and security are on the minds of every business owner—as is securing the right cyber insurance protection.
To address these concerns, we have added our new Cyber Suite to our insurance offerings. Available to most property policyholders, this comprehensive coverage provides layers of protection against cyber risks. This package of coverages includes:
- Data compromise response expense coverage
- Computer attack coverage
- Cyber extortion coverage
- Data compromise liability coverage
- Network security liability coverage
With the Cyber Suite, we are also able to provide insureds access to risk management resources to help them prepare for and respond to data breaches and cyberattacks. The eRiskHub® online portal includes an incident response plan roadmap, online training modules, data breach risk management tools, a directory of external resources, a news center and a learning center with best practices and white papers. Plus, customers will have access to TechQ, a resource that provides free computer diagnostics and offers competitive rates for digital security services like virus removal and technical assistance.
The Cyber Suite has aggregate limits between $50,000 and $1 million. We are offering it as a coverage enhancement for our insureds and it will be part of all new PLM property policies in available states. For current insureds, Cyber Suite will be included to their policy upon renewal. For more information check out https://www.plmins.com/cyber/ or contact Customer Service at custserv@plmins.com or at 800-752-1895.
If you would like to learn more about cyber risks your clients are facing, check out this recent article by PLM Security Analyst Ross More at Property Casualty 360.
