Cyber Liability/Data Pricing

Explanation of Insuring Agreements

Companies with revenues less than $1 million
Companies with revenues from $1–2 million
Companies with revenues from $2–3 million
Companies with revenues from $3–4 million
Companies with revenues from $4–$5 million

Agency’s revenue must be derived from less than 50% of the sale or administration of group benefit plans

Companies with revenues less than $1 million

  Option #1 Option #2 Option #3
Limit of Liability $250,000 $500,000 $1,000,000
Retention $2,500 $2,500 $2,500
Notification Limit
(outside limit of liability)
25,000 records 25,000 records 25,000 records
Notification Threshold 100 records 100 records 100 records
SUBLIMITS      
Information Security
& Privacy Liability
$250,000 $500,000 $1,000,000
Regulatory Defense
& Penalties
$250,000 $500,000 $1,000,000
PCI Fines & Penalties $50,000 $50,000 $50,000
Website Media Content Liability $250,000 $500,000 $1,000,000
Cyber Extortion $250,000 $500,000 $1,000,000
Legal & Forensics $250,000 $250,000 $250,000
Public Relations $100,000 $100,000 $100,000
Fraud Resolution 5,000 records 5,000 records 5,000 records
Premium
$250.00
plus SL taxes
$500.00
plus SL taxes
$750.00
plus SL taxes

I am ready to apply!

Companies with revenues from $1 million to $2 million

  Option #1 Option #2 Option #3
Limit of Liability $500,000 $1,000,000 $1,000,000
Retention $2,500 $2,500 $2,500
Notification Limit (outside limit of liability) 25,000 records 25,000 records 50,000 records
Notification Threshold 100 records 100 records 100 records
SUBLIMITS      
Information Security
& Privacy Liability
$500,000 $1,000,000 $1,000,000
Regulatory Defense
& Penalties
$500,000 $1,000,000 $1,000,000
PCI Fines & Penalties $50,000 $50,000 $50,000
Website Media Content Liability $500,000 $1,000,000 $1,000,000
Cyber Extortion $500,000 $1,000,000 $1,000,000
Legal & Forensics $250,000 $250,000 $250,000
Public Relations $100,000 $100,000 $100,000
Fraud Resolution 5,000 record 5,000 record 5,000 record
PREMIUM
$550.00
plus SL taxes
$850.00
plus SL taxes
$950.00
plus SL taxes

I am ready to apply!

Companies with revenues from $2 million to $3 million

  Option #1 Option #2 Option #3
Limit of Liability $500,000 $1,000,000 $1,000,000
Retention $2,500 $2,500 $2,500
Notification Limit
(outside limit of liability)
25,000 records 25,000 records 50,000 records
Notification Threshold 100 records 100 records 100 records
SUBLIMITS      
Information Security
& Privacy Liability
$500,000 $1,000,000 $1,000,000
Regulatory Defense
& Penalties
$500,000 $1,000,000 $1,000,000
PCI Fines & Penalties $50,000 $50,000 $50,000
Website Media Content Liability $500,000 $1,000,000 $1,000,000
Cyber Extortion $500,000 $1,000,000 $1,000,000
Legal & Forensics $250,000 $250,000 $250,000
Public Relations $100,000 $100,000 $100,000
Fraud Resolution 5,000 records 5,000 records 5,000 records
Premium
$750.00 $950.00 $1100.00

I am ready to apply!

Companies with revenues from $3 million to $4 million

  Option #1 Option #2 Option #3
Limit of Liability $500,000 $1,000,000 $1,000,000
Retention $2,500 $2,500 $2,500
Notification Limit (outside limit of liability) 25,000 records 25,000 records 50,000 records
Notification Threshold 100 records 100 records 100 records
SUBLIMITS      
Information Security
& Privacy Liability
$500,000 $1,000,000 $1,000,000
Regulatory Defense
& Penalties
$500,000 $1,000,000 $1,000,000
PCI Fines & Penalties $50,000 $50,000 $50,000
Website Media Content Liability $500,000 $1,000,000 $1,000,000
Cyber Extortion $500,000 $1,000,000 $1,000,000
Legal & Forensics $250,000 $250,000 $250,000
Public Relations $100,000 $100,000 $100,000
Fraud Resolution 5,000 records 5,000 records 5,000 records
Premium
$950.00 $1100.00 $1250.00

I am ready to apply!

Companies with revenues from $4 million to $5 million

  Option #1 Option #2 Option #3
Limit of Liability $1,000,000 $1,000,000 $1,000,000
Retention $2,500 $2,500 $2,500
Notification Limit
(outside limit of liability)
25,000 records 50,000 records 100,000 records
Notification Threshold 100 records 100 records 100 records
SUBLIMITS      
Information Security
& Privacy Liability
$1,000,000 $1,000,000 $1,000,000
Regulatory Defense
& Penalties
$1,000,000 $1,000,000 $1,000,000
PCI Fines & Penalties $50,000 $50,000 $50,000
Website Media Content Liability $1,000,000 $1,000,000 $1,000,000
Cyber Extortion $1,000,000 $1,000,000 $1,000,000
Legal & Forensics $250,000 $250,000 $250,000
Public Relations $100,000 $100,000 $100,000
Fraud Resolution 5,000 records 5,000 records 5,000 records
Premium
$1200.00 $1350.00 $1500.00

I am ready to apply!

Explanation of Insuring Agreements

Limit of Liability
The Limit of Liability is the aggregate amount that will be paid by the carrier for defense and damages. This aggregate will include the following sublimits, which are part of this limit: Information Security & Privacy Liability, Regulatory Defense & Penalties, Website Media Content Liability, Public Relations, Payment Card Industry (PCI) Fines & Penalties.

Notification Limit
This limit is the amount of records that the carrier will provide for notification, call center services, and credit monitoring. This limit is separate from and in addition to the policy limit of liability aggregate. The Legal & Forensics costs are sublimits that are part of the Notification Limit. The Notification Limit does not have a deductible, however it does have a threshold. This threshold only pertains to the call center and credit monitoring services. If the breach affects over 100 records, these services are activated. If it does not, all notification will be provided except the call center and credit monitoring services.

Information Security & Privacy Liability
This is inuring agreement A. This will pay on behalf of the insured damages and claims expenses for:
  • Failure to protect private information
  • Transmission of a virus from your system to another
  • Failure to notify individuals of a breach
  • Failure to comply with a Privacy Policy
Regulatory Defense & Penalties
This will pay on behalf of the insured claims expenses and penalties assessed by regulatory agencies.

PCI Fines & Penalties
This will indemnify the insured for PCI fines and costs.

Website Media Content
This will pay on behalf of the insured damages and claims expenses for allegations of copyright infringement and defamation arising from the insured’s website.

Cyber Extortion
This will indemnify the insured for loss paid as a result of an extortion threat to protect private information.

Legal & Forensics
This will provide the insured with a computer security expert to determine the extent and cause of a breach. It will then provide for an attorney to determine with which notification laws the insured will need to comply.

Public Relations
This will pay for a Public Relations Consultant to help the insured introduce the breach to the public.

Fraud Resolution
This will provide services to the affected individuals in restoring their identity.