”Cyber Insurance

OMNIRISKInternational Coverage

Cybersecurity is no longer just a technology risk

Cyber: virtually all organizations are at risk, and it continues to evolve with new methods, actors and targets. OMNIRISK has a deep organizational commitment to helping our clients protect against one of the world’s most challenging threats, and one that shows no signs of lessening.

Our cyber insurance solutions include a modular cyber and data protection policy designed to be tailored to the needs of your industry sector – for both third-party liability and first-party losses. Along with these extensive and flexible coverages, we can deliver an array of services to help you prevent such attacks and respond quickly and effectively if your business is struck.

Learn About Risk

Contacts

Joseph Barrantes
CEO, OMNIRISK Risk Management & Insurance Consulting
Email | Phone

Coverage

Third-party liability:

  • Data breach security and privacy liability
  • Media internet communications

 

First-party losses:

  • Business interruption and extra expense
  • Loss/destruction of electronic assets
  • First party incident responses including IT forensics, notification costs, call center, and PR expenses
  • Privacy regulatory defense costs and coverage of regulatory fines and penalties (where insurable by law) arising from a privacy or security wrongful act
  • Data restoration
  • Cyber extortion

 

We can also add cyber and data protection coverage to communications, media, and technology companies either on a standalone basis or as part of broader professional indemnity policy.

Benefits and Coverages

What makes our policy different?

Our policy form is easy to read and navigate. Our policy includes broad terms and extensive coverage for this continually evolving risk. More specifically, the policy provides for:

  • Expanded privacy and security coverage to include confidential business information in addition to personally identifiable information and protected health information
  • Enhanced privacy regulatory coverage, including any fines and penalties assessed (where insurable by law) arising from a privacy or security wrongful act
  • One coverage grant for data breach response and crisis management costs, including voluntary notification and the costs of a PCI forensic investigator to conduct an audit after a breach or suspected breach
  • Coverage for PCI fines and assessments available by endorsement
  • Coverage for a wide range of business interruption trigger (including outsource service providers) available by endorsement

Post-breach response partners

As part of our Cyber coverage, we provide access to best-in-class breach response services with specialized teams who are ready to help 24/7. They specialize in:

  • IT forensics
  • Incident response
  • Forensic accountancy
  • Cyber extortion management and payment
  • Public relations
  • Legal advice/support
  • First notification of loss
  • Identity protection
  • Regulatory notifications
  • Public Notifications including call center