Cyber Liability Insurance

Your networks and data are the lifeblood of your business. Any company can be affected by a breach of sensitive customer or employee information. And as technology becomes more complex and sophisticated, so do the threats we face.

From your brand reputation to employee and financial data, cyber attacks are increasing in their frequency and their intensity. Couple that with the need to comply with regulations like the GDPR, CCPA, and it can seem overwhelming. It doesn’t have to be. This is why every business and organization needs to be prepared with cyber insurance. Lion's Share cyber liability insurance team is ready to customize the solutions that can keep your organization and all its information flowing smoother and safer.

Coverages Designed For Cyber Threats

After we assess your current cyber coverage, we develop a customized program that takes into account your unique needs. Highlights of our cyber liability insurance coverage include:

Network security liability - Provides liability coverage for damages and claim expenses arising out of an actual or alleged act, error or omission. The coverage includes assessment, remediation, managed security services and business continuity consulting and planning services.

Privacy liability - Provides liability coverage if an insured fails to protect electronic or nonelectronic private or confidential information in their care custody and control.

Privacy regulatory proceeding - Provides coverage for defense expenses, and in some cases penalties/fines, incurred from a regulatory proceeding resulting from a violation of a privacy law caused by a covered security breach.

Breach response expenses - Covers crisis management, including credit monitoring services and public relations expenses incurred resulting from a security or privacy breach. Also pays costs of notifying consumers as required by various state, federal or international laws or regulations.

Coverage Highlights

  1. Business interruption loss due to a network security failure or attack, human errors, or programming errors.
  2. Data loss and restoration including decontamination and recovery.
  3. Incident response and investigation costs, supported by a 24/7 multilingual incident reporting hotline and on-demand vendors.
  4. Delay, disruption, and acceleration costs from a business interruption event.
  5. Crisis communications and reputational mitigation expenses.
  6. Liability arising from failure to maintain confidentiality of data
    Liability arising from unauthorised use of your network.
  7. Network or data extortion / blackmail (where insurable)
  8. Online media liability
  9. Regulatory investigations expenses

Capabilities

Lion’s Share College Planning assist families in choosing the right financial vehicle to save for their children's higher education

At Lion’s Share we have established a strong insight of the benefits for government employees. With this knowledge we assist in using the value of each one’s benefits while also expanding opportunities to create wealth.

Lion's Share Insurance services for business executives who are responsible for the purchase and administration.

Other Services

Cyber Risk Assessments

A cyber security risk assessment is about understanding, managing, controlling and mitigating cyber risk across your organization. It is a crucial part of any organization's risk management strategy and data protection efforts. Cyber incidents are high costs and to help your company mitigate a potential incident.

Lion's Share thru our partners can provide your business with Cybersecurity consultants to do an assessment and address potential risks. The primary purpose of a cyber risk assessment is to help inform and support proper risk responses.

Prevention Education

At Lion's Share we believe the best protection against cyber threats is prevention. Reach out to one of our agents to learn more.

Compliance Enablement

We help clients build actionable roadmaps, including the toolsets, skillsets, policies, and procedures necessary to meet your security goals. This helps our clients verify that they’re doing what they say they’re doing, and identify areas for improvement, augmentation, or additional expertise around their risk and security posture.