Broad cyber coverage designed for digital risks

Network and Information Security Liabil

Coverage for claim expenses and damages that a policyholder becomes legally obligated to pay  resulting from a claim against the policyholder for a security failure, data breach, or privacy liability. 

Regulatory Defence and Penalties

Coverage for claim expenses and regulatory fines and penalties resulting from a security failure or data breach.

PCI Fines and Assessments

Coverage for PCI fines or assessments resulting from a claim against a policyholder resulting from a data breach involving payment card data.

Funds Transfer Liability

Coverage for claim expenses and damages that a policyholder becomes legally obligated to pay  for fraudulent transfers of funds resulting from a security failure.

Technology Errors and Omissions

Coverage for claim expenses and damages incurred from errors and omissions related to technology products and services provided by the policyholder.

Multimedia Content Liability

Coverage for claim expenses and damages that a policyholder becomes legally obligated to pay resulting from a multimedia wrongful act, such as infringement of copyright, defamation, or piracy.

Funds Transfer Fraud, Personal Funds Fraud and Social Engineering

Funds transfer losses incurred as a result of the receipt of fraudulent payment instructions, including through social engineering, or to transfer or deliver tangible property.

Service Fraud including Cryptojacking

Additional amounts the policyholder is billed by a cloud or telephony provider when it incurs fraudulent charges.

Impersonation Repair Costs

Cost of removing websites, reimbursing customers, legal and PR costs incurred as a result of fraudulent electronic communications or websites that impersonate your business.

If the Deepfake endorsement is applied, this insuring agreement also covers the costs associated with investigating and responding to deepfake events, including technical analysis, legal takedown efforts, and crisis communications required to help protect the policyholder’s business and reputation as a result of the deepfake event.

Invoice Manipulation

Net costs that the policyholder is  unable to collect for the provision of goods, products or services to a third party as a result of a fraudulent invoice or payment instruction that has resulted from a security failure.

Breach Response Costs

Coverage for costs to respond to a security failure or data breach and help the policyholder recover, including forensic professional fees, customer notification, credit monitoring, and legal costs.

Crisis Management and Public Relations

Coverage for fees and expenses to mitigate harm to a policyholder’s reputation, including public relations experts, media purchases, and voluntary stakeholder notification costs.

Ransomware and Cyber Extortion

Coverage for costs to respond to an extortion incident, up to and including payment of a ransom demand.

Direct and Contingent Business Interruption, and Extra Expenses

Coverage for financial losses resulting from a security failure or systems failure, and the extra expenses incurred to bring the policyholder back online. Computer systems include hosted computer systems (SaaS, cloud hosted, etc.) and Non-IT vendors provided to the policyholder under a written contract.

Crisis Management and Public Relations

Coverage for fees and expenses to mitigate harm to a policyholder’s reputation, including public relations experts, media purchases, and voluntary stakeholder notification costs.

Digital Asset Restoration

Coverage for the costs to replace, restore, or recreate digital assets that are damaged or lost following a security failure, such as a ransomware attack.

Proof of Loss Preparation Expenses

Coverage for costs associated with hiring a forensic accounting firm to document a policyholder’s business interruption loss and extra  expenses resulting from a security failure or systems failure.

Computer Replacement and Bricking

Coverage for the costs to replace computer hardware or tangible equipment impacted by a loss of firmware integrity resulting from a security failure (sometimes called “bricking”).

Reputational Harm Loss 

Coverage for the lost net profits resulting from an adverse publication concerning a security failure, data breach, or cyber extortion suffered by a policyholder.

Court Attendance

Coverage for reasonable costs and expenses when we request policyholders attend a trial, hearing, deposition, mediation, arbitration, or other proceeding relating to the defence of any claim.

Criminal Reward

Coverage for a reward for information that leads to the arrest and conviction of anyone who commits, or tries to commit, an illegal act related to coverage under our policy.

Bodily Injury & Property Damage - 1st Party

Coverage for first-party bodily injury and tangible property damage directly caused by a security failure.

Bodily Injury & Property Damage - 3rd Party

Coverage for claims expenses and damages that a policyholder becomes legally obligated to pay when a security failure results in physical damage or injury.

Pollution

Coverage for defence costs and liability incurred when a security failure results in the release of pollutants.

Reputation Repair

Coverage for advertising, media purchases and consulting costs to help preserve customer confidence and help protect the policyholder’s brand reputation.

Automatic Reinstatement

This endorsement removes the "Aggregate Policy Limit of Liability" and makes the "Per Event Limit of Liability" the maximum for a single event. "Breach Response Costs" are in addition to this Per Event Limit. It redefines how coverage limits and retentions apply per claim or incident, and how Coalition Incident Response services are handled. This section does not extend to Cybercrime or Technology E&O covers.