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Cyber Liability

Cyber Liability Coverage Protects the Brains (and Heart) of Your Business

Providing superior customer service is the heart of your business. At the same time, you need to protect the “brains” of your business—your data, your customers’ data, and your devices.

Did you know that 44 percent of small businesses have reported that their business has experienced a cyber-attack or hacking attempt? And, that the average cost of a breach for a small or mid-sized business is over $180,000? Costs include legal fees, IT services, customer notification, public relations expenses, and more.*

Some data breaches can be avoided by educating your employees and implementing good data security practices. However, when your business is targeted, the costs to recover data, remove viruses, purchase new devices, and repair your company’s reputation can be substantial.

Cyber Liability Coverage

Network Security and Privacy Insurance—coverage for both online/offline information, virus attacks, denial of service, and failure to prevent transmission of malicious code.

Regulatory Defense and Penalties—coverage for defense costs and fines/penalties resulting from government investigations.

Privacy Breach Response Costs—coverage for costs incurred to notify impacted customers/vendors.

Network Asset Protection—coverage for income loss, business interruption expenses, and costs to restore damaged data.

Multimedia Insurance—coverage for copyright/trademark infringement.

Cyber Extortion—coverage for extortion expenses and monies as a direct result of a credible cyber extortion threat.

Cyber Terrorism—coverage for income loss as a result of the interruption of your computer system due to a cyber terrorism attack.

Dependent Business Interruption—coverage offers reimbursement for lost revenue incurred as a result of a third party vendors’ system being down.

Payment Card Industry Data Security Standard (PCI/DSS)—fines and penalties

Full Support from an Insurance Company with Heart

As a small or mid-size business, it can be difficult to handle the many issues that surround a breach of your data, networks, or devices. Your staff may not have the experience or resources to deal with the myriad of issues you may face. Badger Mutual’s cyber liability insurance provides expert assistance in the following areas:

Legal Consultations
Data Security and Forensics
Customer Notification
Credit Monitoring
Corporate Communication/PR

The BrandGuard™ Difference

While most cyber policies reimburse your company for actual losses, you may experience indirect losses from customers and vendors that choose not to do business with your company as a result of the security breach. That’s why Badger Mutual cyber liability insurance includes BrandGuard™—to help your business return to profitability. BrandGuard covers losses that may result from the adverse publicity and notifications that typically follow a data security incident. While most data policies only protect the brains of your business, BrandGuard from Badger Mutual protects the heart of your business as well.

When choosing cyber liability coverage, you need a friend in the business. Rely on the company you already know and trust.

Badger Mutual–The Heart of Your Insurance Protection

*Privacy Rights Clearinghouse, 2014.