Safe Business; Safe Commerce; and Data Guard: Internet and Security 1st and 3rd Party Coverage

A niche program that provides protection for any business that uses email, the Internet, a Computer Network System, or stores confidential financial, employee, customer or product information.

Insured’s can purchase separate or combined 1st and 3rd party digital risk coverage to protect their business and fill in the gaps of standard property and liability insurance

1st Party Data Loss Coverage includes loss from

• Computer virus
• Employee Error
• Internal (Malicious) and external hacker attacks
• Physical Damage
• Fire or Other Natural Disaster
• Power Surge or Power Failure
• Theft or Misplacement of Data

3rd Party Liability Claims Coverage includes:

• Network Security and Use of Email
• Virus Transmission
• Defamation
• Libel/Slander
• Privacy Violations
• Plagiarism
• Website
• HIPPA, The Patriot Act and other Related Acts

Minimum Premium and Coverage Limits

• Premiums for Safe Business Start at $750
• Safe Business 1st Party Coverage up to $75,000
• Safe Business 3rd Party Coverage up to $1,000,000
• Higher Limits available with Safe Commerce and Data Guard

Target Industries

• Hospitals and Health Care Systems
• Accounting, Banking and Insurance
• Law Firms
• Retailers
• Any Company using Email

Claims Examples

Online: A retailer develops a sponsored event site to sell associated merchandise. The site was diverted/replicated illegally and customers purchased illegal copies of the products. The result cost the Company over $5 million in sales and returned goods.

Natural Disaster: A doctor, with 12 years worth of electronic patient records, returned to work after a weekend of particularly bad weather to find his surgery center completely flooded. His PC was found encased in several feet of mud, and recovery seemed beyond all best efforts. Yet, despite a disaster of truly monumental proportions, he managed to bring his records back to life via the services of a data recovery specialist

Email: Drug company breaches confidentiality: An employee inadvertently breached patient confidentiality by sending out an email that included the email addresses of more than 600 patients who had signed up for a service to remind them to take their anti-depressants. The company was fined $100,000 and is subject to governmental monitoring for at least 20 years.

Email – Libel Claim: A woman successfully sued her employer and received $10,000 after colleagues had exchanged obscene messages about her.

Please Contact us for an application and additional information.