Security and Privacy Protection Policy

Third Party Coverage:

• Security and Privacy liability coverage, which includes coverage for regulatory proceedings defence costs
• Civil fines and penalties coverage (optional)
• Internet media liability coverage (optional)

First Party Coverage:

• Privacy breach costs including:
  • Forensic investigation expenses of a company’s computer system to determine the cause or extent of a privacy breach
• Digital asset replacement expense coverage
• Business income loss and dependent business income loss coverage
• Cyber extortion threat expenses coverage 

Our easy-to-read, concise form offers numerous advantages including:

• Broad privacy breach costs coverage, reimburses the company for certain costs incurred directly resulting from a privacy breach or violation, such as those to retain an accountant, legal, public relations consultant or other third party to:
• Conduct a forensic analysis of a company’s computer system to determine the cause or extent of a privacy breach
• Determine if there is an indemnification obligation with respect to a wrongful act of a service provider in connection with a privacy breach or violation.
• Notify the company’s affected individuals or applicable regulatory agencies of a privacy breach or violation
• Effect compliance with any privacy regulation most favourable to the company’s affected individuals
• Establish new account numbers for the company’s affected individuals
• Engage public relations services to counter or minimise the actual or anticipated adverse effects of negative publicity
• Procure credit monitoring services for the company’s affected individuals.
• Coverage extends to service providers of the insured and anyone else for whom the Insured is legally responsible
• Regulatory proceeding coverage extends to both Privacy and Network Security
• Bodily injury exclusion has a write-back for privacy events
• Policy goes into automatic runoff upon a takeover
• 30 days post policy reporting period for claims: