Are you prepared to deal with a cyber-attack?
Cyber Liability Insurance provides breach response services, mitigating damage and ensuring that obligatory investigation and notification procedures are implemented. Protection against lawsuits and regulatory actions are also covered.
Our coverage options are specially designed to ensure that every business, at every budget, can stop cybersecurity incidents from spiraling into disasters.
Basic Cyber Liability Insurance provides affordable, essential coverage for small businesses. $50,000 of coverage is provided for an annual fee of less than $150. Complete the easy, online application in minutes and immediately print or download the policy, which gives you:
- Expert-led response services following a data breach.
- Protection from lawsuits and regulatory actions related to the breach.
- Legal services.
- Computer forensic services.
- Public relations and crisis management expenses.
- Notification services.
- Call Center services.
- Credit and Identity monitoring and other personal fraud or loss prevention solutions.
Cyber Liability Insurance provides breach response services, mitigating damage and ensuring that obligatory investigation and notification procedures are implemented. Protection against lawsuits and regulatory actions are also covered.
Our coverage options are specially designed to make sure every business, at every budget, can stop cybersecurity incidents from spiraling into disasters.
Basic Cyber Liability Insurance can be purchased on its own. For even more value, Colonial is pleased to include it with the first purchase of other essential protections such as Fiduciary Liability Insurance, Professional Liability Insurance or Errors and Omissions Insurance.
Enhanced Cyber Liability Insurance is available for businesses seeking coverage of $250,000 or $500,000. In the event of a cyber breach, in addition to all the services included with Basic Cyber Liability Insurance.
Enhanced policies include:
- Business Interruption
- Cyber extortion loss.
- Data recovery loss.
- Website media liability.
- Regulatory defense and penalties.
- Payment card fines and costs.
Watch a quick video to see why Cyber Liability Insurance is so important:
Special Protections for Retirement Plan Sponsors
Cyber Endorsement for Retirement Plans: Businesses that sponsor employee retirement plans (such as a 401k), can extend Basic Cyber Liability coverage to the plan by choosing an ERISA Package. Because cyber incidents can result in allegations of fiduciary breaches, it is important for plan sponsors to have Fiduciary and Cyber Liability Insurance. Our ERISA Packages provide both, affordably, for a 1 year package or for a locked in multi-year rate, you may choose a 2 or 3 year package.
Remember, the Department of Labor requires a current ERISA Bond. Package it with Fiduciary and Cyber Liability Insurance for the greatest convenience and value. If you already have your ERISA Bond (regardless of provider), simply add on Fiduciary and Cyber Liability Insurance.
