Cyber Insurance for Mid-Sized Businesses

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HSB Total Cyber™: Comprehensive cyber risk insurance for mid-sized companies

Total Cyber Insurance

Cyber-attacks now occur to every size business, including many types of mid-sized firms, not just large companies. The high cost of cyber-attacks makes going without cyber insurance a real risk.

HSB Total Cyber™ was specially designed to provide comprehensive coverage for U.S. based companies with annual revenues from $10 million to $250 million. With eight available coverages HSB Total Cyber™ gives clients the flexibility to tailor cyber insurance to their needs.

Data breach protections

Coverages for data breach:

  • Data Breach Response Expenses covers notifications, monitoring and other services.
  • Identity Recovery pays for expenses and expert help for a victim to restore credit standings and identity records.
  • Data Breach Liability covers litigation and settlement costs resulting from victims affected by a breach who bring a claim or lawsuit against the insured.
Cyber attack recovery

Coverages for cyber-attacks or threats of attack:

  • Computer Attack covers data restoration or re-creation, system restoration, loss of business, and even includes payment for public relations help to manage the insured’s reputation.
  • Cyber Extortion pays the amount demanded of an insured under threat of a computer system attack — including the cost of an investigator.
Protection for criminal deception

  • Misdirected Payment Fraud coverage pays for direct financial loss resulting from criminal deception using email, facsimile or telephone communications to induce an insured, or a financial institution with which an insured has an account, to send money or divert a payment.
Cyber liability defenses

Defense and settlement costs for cyber liability:

  • Network Security Liability provides for claims that “negligent failure of computer security” caused third-party damage.
  • Electronic Media Liability covers claims that information displayed electronically on a website infringes on or violates their rights, or defames them.
Limits and liability

HSB Total Cyber™ is available for companies with revenues of up to $250 million, although we anticipate most companies will typically have revenues from $10 million to $150 million. Typical limits range from $1 million to $5 million, but higher amounts are available on an account-by-account basis.

For more information or a quote contact your HSB Custom Accounts Division representative.

eRisk Hub® website

As part of our cyber coverage programs, HSB offers the eRisk Hub® website, which gives your insureds direct access to a range of risk management tools to help businesses prepare and recover when private, personal information of their customers, employees or others is lost or stolen.

eRisk Hub® is easy-to-use and includes the latest news, notification requirements, self-assessments, training modules, and step-by-step suggestions to understand information exposures, establish response plans, and minimize the effects of a data breach.

Key features of the eRisk Hub® include:

  • Incident response plan roadmap: Suggested steps businesses can take following a data breach incident. Having an incident response plan prepared in advance of a breach can be useful for defense of potential litigation.
  • Online training modules: Ready-to-use training for business owners on privacy best practices and Red Flag Rules.
  • Risk management tools: Assists businesses in managing their data breach exposures including self-assessments and state breach notification laws.
  • eRisk resources: A directory to quickly find external resources on pre and post-breach disciplines.
  • News center: Cyber risk stories, security and compliance blogs, security news, risk management events and helpful industry links.
  • Learning center: Best practices and white papers written by leading authorities.

Learn more

HSB Cybersecurity on-demand webinars

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© 2019 The Hartford Steam Boiler Inspection and Insurance Company. All rights reserved. This is intended for informational purposes only and does not modify or invalidate any of the provisions, exclusions, terms or conditions of the policy and endorsements. For specific terms and conditions, please refer to the coverage form.


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