Cyber liability and data breach insurance provides legal protection and assistance for your business if a data breach occurs. It helps investigate the breach, pay for legal defense expenses and handle regulatory issues—minimizing the impact to your business, reputation and assets.
The ASME Cyber Liability and Data Breach Response Program*
Any business handling customer data will, sooner or later, be confronted with the challenge of a data breach. It’s not a matter of “if” but “when”.
Information exposures are difficult to control and subject to many different types of loss events. Even with the best systems, controls, personnel and procedures in place, no firm is immune: It only takes a small human error, one lost laptop, or a clever hacker to compromise client records and wreak havoc on your organization.
Investigating and responding to an incident can be complex and costly even before legal defense expenses and regulatory fines and penalties begin to accrue. An effective data breach response is a complicated process. It is fast moving and involves a carefully coordinated set of decisions. Forty-eight states have enacted security breach notification legislation. The law varies by state and notification to affected individuals in some states is no later than 45 days.
And the stakes are high. After a breach you’re fighting to protect your reputation. If they don’t think your business can be trusted, the very future of your company may be at risk. A data breach is not a learning opportunity – you have too much to lose to risk mishandling it.
*May not be available in all states.
Beazley, a leading insurer of technology and information security risks, has developed Beazley Breach Response (BBR) - a complete privacy breach response management and information security insurance solution which includes a range of services designed to help you respond to an actual or suspected data breach incident effectively, efficiently, and in compliance with the law.
Beazley Insurance Company, Inc.
CA Insurance License #0G55497 |
WA Insurance License #1298
Beazley is unique among insurers in having a dedicated business unit, BBR Services, which focuses exclusively on helping clients manage incidents successfully.
BBR Services is a dedicated team of cyber breach professionals who assist BBR policyholders at every stage of incident investigation and breach response. They coordinate the carefully vetted forensics experts and specialized lawyers to help you establish what’s been compromised; assess your responsibility; and notify those individuals affected. In addition, BBR Services coordinates credit or identity monitoring for your customers and PR advice to help you safeguard your reputation.
Beazley also indemnifies your losses from lawsuits or regulatory actions, the risk of which may be reduced by a well-coordinated breach response but can never be completely eliminated. Beazley’s claims team has been at the forefront of defending clients in the developing and evolving legal arena of privacy class actions and regulatory investigations arising from cyber breaches.
Beazley invented this comprehensive approach. To date Beazley has helped more than 8,000 clients manage breaches swiftly and successfully.
Apply for Coverage:
To complete the Beazley Breach Response Application, simply click the form link below.
Return completed applications via email to: LH.firstname.lastname@example.org
The descriptions contained on this website are for preliminary informational purposes only. The product is available on an admitted basis through Beazley Insurance Company, Inc. The exact coverage afforded by the product described herein is subject to and governed by the terms and conditions of each policy issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk. Beazley USA Services, Inc. is licensed and regulated by insurance regulatory authorities in the respective states of the US and transacts business in the State of California as Beazley Insurance Services (License#: 0G55497).
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