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Products & Services

BERKLEY CYBER RISK PROTECT^SM PRODUCT DESCRIPTION

Berkley Cyber Risk Protect^SM provides expansive first and third party cyber coverage that provides options for separate limits and retentions, subject to an annual policy aggregate, allowing flexibility to choose only coverages meeting policyholders’ needs.

FEATURES AND HIGHLIGHTS
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A+ rated insurance carrier
Admitted where available
Primary appetite for companies with revenues up to $5B
Capacity up to $25M
Worldwide Coverage
Non-cancellable except for non-payment of premium
Severability of application
Single highest retention for related claims and losses from a single data security event
Automatic subsidiary coverage

THIRD PARTY COVERAGE

Data Security and Privacy
Regulatory
Payment Card Industry
Cyber Media
Technology E&O (available by endorsement)

THIRD PARTY COVERAGE FEATURES
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Claims Made coverage
Comprehensive definitions of Claim, Insured, Data Security Event
Data Security and Privacy Event includes Personally Identifiable and Corporate information
Punitive Damages included (where allowed by law)
Duty to Defend
Favorable consent to settlement, with insured ability to settle within retention
Broad definition of Damages associated with a PCI Claim

FIRST PARTY COVERAGE

Data Breach Response Coverage includes:
- Crisis Management and Reward Expenses
- Forensic and Breach Counsel Expenses
- Notification and Monitoring Expenses
- Data Restoration Expenses
Business Interruption/Extra Expense
- Contingent Business Interruption
- System Failure Business Interruption
Reputation Risk
Ransomware Extortion
Cyber Crime
Social Engineering

FIRST PARTY COVERAGE FEATURES
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Discovery trigger for Data Breach Response, Cyber Crime and Social Engineering
A 24-hour data breach hotline is available
- The Breach Counsel Hotline is 1.844.844.0104
- No retention for costs of preferred Breach Counsel
Optional coverage for Number of Notified Individuals outside the limit of liability
Voluntary Notification for written and electronic data
No prior consent required for use of Preferred Data Breach Response Providers
Forensic accounting costs included for Business Interruption

SUPPLEMENTAL COVERAGE

Cyber Risk Solutions Services
- Reimbursement for costs to replace, remediate and improve computer systems and establish and improve data security practices and policies

Products & Services

BERKLEY CYBER RISK PROTECTSM PRODUCT DESCRIPTION

BERKLEY CYBER RISK PROTECT^SM PRODUCT DESCRIPTION