Cyber Insurance
Insurance Fidelity offers a comprehensive suite of cyber insurance plans designed to protect businesses of all sizes from the growing threat of cyber attacks and data breaches. At the core of their cyber coverage is protection against financial losses stemming from network security failures, data theft or corruption, and business interruption caused by malicious hacking or system malfunctions.
Their policies can cover the costs of notifying affected customers, providing credit monitoring services, and navigating regulatory investigations - expenses that can quickly add up to crippling levels for uninsured organizations. Beyond just financial safeguards, Insurance Fidelity's cyber plans also include access to a specialized team of IT security experts who can help policyholders strengthen their digital defenses and respond effectively in the wake of a cyber incident. Clients further benefit from the insurer's extensive network of vetted vendors who can provide discounted data recovery, legal, and public relations services.
And because the cyber threat landscape is constantly evolving, Insurance Fidelity regularly updates its coverage to keep pace with new and emerging risks, providing businesses with the peace of mind that comes from knowing they are comprehensively protected. With customizable limits, deductibles, and premium structures, their cyber insurance solutions can be tailored to the unique needs and budgets of organizations across a wide range of industries - an invaluable safeguard in our increasingly digital world.
Cyber Insurance Plans
Data Breach Coverage
Ideal For:
Businesses that store and manage sensitive customer data.
Coverage Includes:
Data Breach Response Costs: Expenses for notifying affected individuals, credit monitoring services, and legal fees.
Forensic Investigations: Costs associated with determining the cause and extent of a data breach.
Data Restoration: Expenses to recover or restore lost or corrupted data.
Benefits:
Protects against financial losses and reputational damage resulting from data breaches.
Assists companies in meeting regulatory standards for data security.
Cyber Extortion Coverage
Ideal For: Businesses vulnerable to ransomware and other cyber extortion threats.
Coverage Includes:
Ransom Payments: Reimbursement for ransom payments made to cybercriminals.
Consultation Fees: Costs for negotiating with extortionists and managing the situation.
Business Interruption: Coverage for revenue losses due to cyber extortion incidents.
Benefits:
Provides financial support and expert assistance during cyber extortion incidents.
Helps mitigate operational disruptions and reputational harm.
Network Security Liability
Ideal For:
Businesses that rely on IT infrastructure and face cyber threats.
Coverage Includes:
Legal Expenses: Costs for defending against lawsuits related to data breaches or cyber attacks.
Third-Party Damages: Compensation for damages and settlements resulting from a cyber incident.
Crisis Management: Expenses for public relations and customer communication during a cyber crisis.
Benefits:
Protects businesses from lawsuits and financial liabilities arising from cyber incidents.
Provides access to legal expertise and crisis management support.
Business Interruption Coverage
Ideal For: Businesses heavily dependent on digital operations and vulnerable to downtime.
Coverage Includes:
Income Loss: Compensation for revenue lost due to network downtime or cyber attacks.
Extra Expenses: Costs for temporary IT solutions and operational recovery efforts.
Contingent Business Interruption: Coverage for losses caused by disruptions at third-party vendors or suppliers.
Benefits:
Helps businesses recover financially from operational disruptions caused by cyber incidents.
Supports continuity of business operations and minimizes financial losses.