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CyberProGuard®

Cyber liability insurance coverage is the quickest and easiest way to protect your business (and its reputation) from the consequences of data theft!

What are the Odds?*
* PONEMON INSTITUTE'S 2017 COST OF DATA BREACH STUDY

Struck by Lightning

1 in 960,000

Be In a Car Accident

1 in 336

Experience a Data Breach

1 in 4

The Problem

Many think that small to medium-sized enterprises (SMEs) aren’t at risk for cyber attack. On the contrary, the landscape for attackers is huge. It is imperative that companies of all sizes have some kind of protection to avoid becoming the target of an attack.

It is estimated that an individual’s health record is worth 10 to 20 times more on the black market than a credit card number. Why? Health records contain names, birthdates, diagnoses, and billing information. All of these things can be used as a foundation for identity theft.

The Solution

Cyber liability insurance is typically not included in Professional or General Liability Insurance policies. CyberProGuard® data breach liability insurance by CM&F can be purchased separately, and is designed specifically for small to medium sized healthcare groups.

CYBER ATTACK FAST FACTS:
  • 79% of breaches hit entities with <$1 Billion in revenue (Baker Hostetler)
  • $1.56 Million is the average US post-breach response cost (IBM)
  • 19% of organizations took a day or more to recover from a breach
  • 43% of SMEs identified cyber breaches or attacks within the last 12 months (Cyber Security Breaches survey 2017)
  • 60% of small businesses go out of business within 6 months of a cyber attack (US National Security Alliance)

Cyber Liability Insurance Coverage Benefits:

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Security & Privacy Liability
MANAGING THE COST
Key Coverages:
  • Maximum limit: $1MM in Coverage
  • Full first party costs and third-party security & cyber liability coverage
  • Damages & Claims Expenses legally obligated to pay as result of claim

If as a result of a cyber incident, you are investigated by a regulator, sued by a third party or need to restore digital assets, our coverage will cover those claims and expenditures as they occur.

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Security Breach Response Coverage
RESPONDING TO THE INCIDENT
Key Coverages:
  • Maximum Limit: $1MM in Coverage
  • Forensic Investigation Costs
  • Legal Fees and Expenses
  • Notification Costs to regulatory agencies or customers
  • Credit Monitoring Expenses
  • Access to Breach Response Panel of Experts

Coverage will reimburse the insured for crisis management costs and breach response costs that the organization incurs in the event of a security breach during the policy period.

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Cyber Extortion Coverage
PROTECTION AGAINST THE FALLOUT
Key Coverages:
  • Maximum Limit: $1MM in Coverage
  • Cyber-Extortion Payments
  • Cyber-Extortion Expenses

Reimbursement for Cyber-Extortion Expenses and Cyber-Extortion Payments that an insured pays directly resulting from a Cyber-Extortion that you receive during the policy period.

** The coverages highlighted above are dependent upon the terms and conditions of the policy

About Our Insurance Company:

Brit Global Specialty is one of the first Lloyds syndicates to offer standalone cyber liability insurance protection. Its award winning cyber team writes coverage globally with clients ranging from Fortune 500 multinationals to small businesses.

CM&F is proud to partner with an underwriting team offering both dynamic and innovative insurance protection for our clients:

✓ Automated Online Application
✓ Less than 5 Questions
✓ 5 Minutes To Fill Out
✓ Immediate Proof of Coverage
✓ Fully Staffed Customer Support Center