☰ ˟
Contact Us Today / (704) 847-4438
Dean, Heckle & Hill, Inc.
  • Home
  • Personal
    • Auto Insurance
    • Home Insurance
    • Motorcycle
    • Recreational Vehicle
    • Boat & Watercraft
  • Business
    • Bonds
    • Commercial Auto Insurance
    • Cyber Liability Insurance
    • D & O Insurance
    • Errors & Omissions
    • General Liability Insurance
    • Professional Liability Insurance
    • Workers Compensation
  • Life and Benefits
    • Annuities
    • Disability Insurance
    • Employee Benefits
    • Health Insurance
    • Individual Dental
    • Life Insurance
    • Retirement Plans
    • Supplemental
  • Get A Quote
  • Customer Service
    • Our Companies
    • File a Claim
    • Make a Payment
    • Request a Change
  • Blog
  • About Us
    • About Dean, Heckle & Hill
    • Location Map
    • Employee Directory
    • Reviews
    • Refer a Friend
    • Privacy Policy
  • Contact
What type of coverage do you need?
Home > Blog > Why Your Business Needs Cyber Insurance
MONDAY, APRIL 9, 2018

Why Your Business Needs Cyber Insurance

Computer Chip

All companies must consider the risk of not actively protecting themselves from cyber threats.

If your company is connected to the internet, it is not a matter of if your company will have a cyber event, it is a matter of when.

What Does Cyber Insurance Cover?

Cyber insurance covers your first and third-party risks. "First-party risks" refers to the policyholder's losses and "third-party risks" refers to the costs and losses associated with any litigious claims veiled upon you by your customers or other third parties.

Third-Party Coverages

  • Network Security, Data Security, Media Content and Privacy Liability - Coverage for third party claims arising from a breach in network or data security or Denial of Service Attack or transmission of malware to third-party systems, and publication of content that results in defamation, invasion of privacy or infringement of intellectual property rights, and from failure to properly handle, manage, store or protect personally identifiable information or confidential information.
  • Regulatory, HIPAA, and PCI Defense, Fines and Penalties - Coverage for third-party claims made by governmental entities, including state, local, federal or foreign, alleging a violation of a privacy law resulting from a failure to protect confidential information or breach of contract claims made by a party to a Merchant Service Agreement/Credit Card Processing Agreement for failure to protect confidential information in accordance with payment card security standards.

First-Party Coverages

  • Data Breach Response - Coverage for expenses the insured incurs to hire a 3rd party incident response, public relations, and legal experts, and customer notification and credit monitoring costs in connection with the cybersecurity incident or a data breach.
  • Business and System Failure Interruption - Coverage for loss of profits and extra expense due to disruption in business operations resulting directly from unauthorized access or use of a computer system, transmission of malicious code or virus, or a Denial of Service Attack or unplanned or unexpected outage.
  • Reputation Income Loss - Coverage for loss of profits due to adverse publicity regarding failure to protect confidential information.
  • Cyber Crime, Social Engineering, and Ransomware Extortion - Coverage for extortion incident or loss of funds transferred as a direct result of fraudulent instruction, fraudulent input, deletion or change of data in a computer system by an unauthorized third party.

Contact Dean, Heckle & Hill today for more information on cyber liability coverage.

(Article Courtesy: Cyberdot)

Posted 5:00 PM

Tags: cyber liability insurance, coverage, protection, insurance, dean heckle hill
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017

  • insurance(29)
  • dean heckle and hill(25)
  • business insurance(24)
  • coverage(22)
  • protection(11)
  • general liability insurance(8)
  • commercial auto insurance(6)
  • auto insurance(6)
  • tips(6)
  • car insurance(5)
  • workers compensation insurance(5)
  • safety(5)
  • bop(4)
  • liability(3)
  • claims(2)
  • filing(2)
  • drivers(2)
  • general liability(2)
  • advice(2)
  • rates(2)
  • cyber liability insurance(2)
  • commercial insurance(2)
  • dean heckle hill(2)
  • workers compensation(2)
  • home insurance(2)
  • business owners insurance(2)
  • business owners policy(2)
  • insurance claims(1)
  • summer(1)
  • fraud(1)
  • stores(1)
  • life insurance(1)
  • requirements(1)
  • medical expense coverage(1)
  • fleet insurance(1)
  • annuity(1)
  • plans(1)
  • workers comp(1)
  • dean heckle & hill(1)
  • injuries(1)
  • social engineering. funds transfer fraud(1)
  • hurricane warning(1)
  • traveling pet service(1)
  • credit score(1)
  • emergency planning(1)
  • tires(1)
  • cost(1)
  • premiums(1)
  • reporting(1)
  • claim(1)

View Mobile Version

Our Reviews 

Our latest blogs

  • Cincinnati Insurance
  • Liberty Mutual
  • Nationwide
  • The Hartford
  • Travelers
  • Kemper
  • Progressive
  • Blue Cross Blue Shield
Dean Heckle & Hill, Inc
608 Matthews-Mint Hill Rd. Suite C
Matthews, NC 28105
As an independent insurance agency, we are not limited to placing your insurance with one company. We represent over 50 of the most desirable companies and have selected those companies based on their expressed dedication to offer us competitive products and quality service. We contact those companies for you to find the best coverage and the best possible price.

We also serve these communities: Charlotte, Matthews, Mint Hill, Weddington, Marvin, Ballantyne, Indian Land, and Fort Mill.

We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Latest News/ Join Our Newsletter/ Refer A Friend
Quick Help Links
Quote Forms/ Service Forms/ File a Claim/ Make a Payment/ Insurance Glossary/ FAQs
About Us Employees
Trusted Choice
Contact Blog Search
Facebook LinkedIn Twitter
© Copyright 2019. All rights reserved. Powered by Insurance Website Builder