With thirteen cover modules and one endorsement, CyberEdge’s new modular wording offers clients a tailored solution for the unique risks they face.
24/7 access to a cyber-response team during a security breach or denial of service attack.
Covers costs to retain legal, IT forensics and public relations services to assist in managing and mitigating a covered privacy or network security incident.
Security & Privacy Liability
Responds to third party liability for claims arising from a failure of the insured’s network security.
Network Interruption responds to an insured’s loss of income and operating expenses when business operations are interrupted or suspended due to a failure of network security.
Network Interruption: OSP
Network interruption losses and mitigation costs resulting from an Outsourced Service Provider.
Costs of investigations to determine the cause of the extortion threat and to settle the extortion demand.
Network Interruption: System Failure
Network interruption losses resulting from an internal system failure not necessarily arising from a cyber-security breach.
Electronic Data Incident
Expands the data restoration coverage under the Event Management section to include a wide number of electronic data incidents.
Damages and defence costs incurred in connection with a breach of third party intellectual property, or negligence in connection with electronic content.
Covers direct financial loss from fraudulent electronic fund transfers from an account maintained at a financial institution arising from a cybersecurity breach.
Criminal Reward Fund
A reward fund for information that leads to the arrest and conviction of individual committing or trying to commit a cyber-attack or extortion against the insured.
Covers call charges resulting from unauthorised access to a telephone system.