Five Things to Know About Our Cyber Liability Insurance Product

Topics: Cyber Liability

Every employer faces the reality that they may be the target of a network security or privacy breach; there have been numerous instances of large companies suffering cyber security breaches within the last few years. While your small business clients may not think they have exposure to a cyber security or privacy breach, even a few hundred compromised records can jeopardize credibility and cost a small business thousands in damages.

AmTrust offers a single policy solution that is specifically tailored to protect small businesses against cyber security and privacy breaches. Here are five things to know about AmTrust’s Cyber Liability and Data Breach Response insurance coverage.

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1. The AmTrust Advantage


AmTrust’s Cyber Liability product offers low rates and specialized coverage. With no application required for a quote for limits of $100,000 or below, you have the opportunity to grow your business by quoting and selling Cyber Liability to all your commercial customers.

2. The Policy Starts Working Right Away for Your Client


The extent of Cyber Liability coverage your client may need will differ from business to business. At a minimum, Cyber Liability insurance works for your client immediately in the event of a breach. First party response services include assistance at every stage of the investigation of, and response to, a breach incident from a team of technical professionals. In the event of a breach or suspected breach, the policy provides computer forensic services to help identify the cause of the breach.

AmTrust’s Cyber Liability product includes legal services to help companies comply with state regulations that require a business to notify customers of a data breach involving personally identifiable information. AmTrust’s product includes call center services for affected customers as well as public relations and crisis management expenses to help protect the business reputation of your client. Policies generally cover indemnification for legal fees and expenses, provide customer notifications in the event of a breach and include the option to monitor the information of anyone impacted for a specified period of time. Policies may also cover costs incurred in the recovery of compromised data or the repair of damaged computer systems.

3. Business Interruption


One of the biggest exposures your client faces in the event of a breach is business interruption loss. Your client’s bottom line is at risk if they are unable to conduct their business because of an interruption or suspension of their computer systems. AmTrust’s Cyber Liability product is designed to pay the client for loss if the interruption or suspension is caused by the failure of the client’s computer security to prevent the breach.

4. Website Media Content


AmTrust's Cyber Liability policy also includes coverage for Website Media Content Liability. For example, as your client’s small business expands into the digital and mobile space, our Website Media Content Liability coverage helps address risks associated with violations of privacy, plagiarism or piracy, copyright and trademark infringement, alleged defamation, libel, or slander relating to their website.

5. First Party Data Protection


Loss of a client’s data can be devastating, especially for a small business. Loss of customer lists, proprietary information and business plans can force a business to start over. AmTrust’s Cyber Liability product is designed to reimburse the client for costs incurred to restore data from backups or from originals or to gather, assemble and recollect such data from other sources to the level or condition in which it existed prior to the breach.

Protect Your Client’s Small Business with AmTrust’s Cyber Liability Insurance


A Cyber Liability Insurance policy from AmTrust can help safe-guard your client’s small business against loss and damage in a cyber attack. Contact us today to find out more.

This material is for informational purposes only, summarizes coverages and services that may be available in a policy, and is not legal or business advice. Neither AmTrust Financial Services, Inc. nor any of its subsidiaries or affiliates represents or warrants that the information contained herein is appropriate or suitable for any specific business or legal purpose. Readers seeking resolution of specific questions should consult their business and/or legal advisors.
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