In this modern day of technology, most organizations and companies are working with some sort of network and/or databases of information. For that reason, most organizations and companies are vulnerable to hackers. Cyber hackers can be difficult, if not impossible, to prevent. This is why cyber liability insurance has become so necessary.

All business sizes from small companies to large organizations are at risk. Any company, no matter the size, is impacted if data is stolen. When a network is breached, costs can stem from liability and defense costs as well as the cost of any cleanup needed.

Common risks:

• Sending an email that crashes someone else’s server
• Smash & Grab incidents (physical theft of personal data)
• Unintentional spread of a computer virus
• Rogue Employees
• Leak or misuse of confidential information
• Accusations of slander as a result of emails, web content, blog or forum postings

It’s important for companies to know that they have the coverage needed to insure them in the event of a cyber-attack.

Lucky for you, New Empire Group’s new Cyber$ential Program has a ton of great program features including:

• Simple Application Process – There’s no need to track down IT vendors for information on security software and hardware or to decipher technical terms.
• Options for employee claims vs. employers for unauthorized disclosure of their private information.
• Options for costs to comply with “Breach Notification” laws, or remedy a privacy law compliance deficiency if so notified by a regulator.
• Coverage Extensions for Subcontractors – Your customers will be covered for breaches of their third party vendors storing the information of association members and tenants.
• Coverage for Physical Theft of Personal Data – Personal Data that is physically stolen is considered a breach.
• Coverage for Breaches by Rogue Employees – Most forms only respond to breaches by “unauthorized access”. Cyber$ential responds to acts by rogue employees and other breaches by authorized users.
• Coverage for Mobile Devices

For more information regarding our Cyber$ential Program, contact us at wholesale@newempiregroup.com!

Check out the other great Insurance Programs for Condominium Insurance, Cooperative Insurance, Apartment Insurance and Property Manager’s Insurance that New Empire Group, Ltd. also offers!

To learn more about New Empire Group, Ltd. visit our website, www.NewEmpireGroup.com or find us on Facebook, LinkedIn & Twitter!