Data Breach & Cyber Liability

Cyber Solutions to Fit Your Clients' Needs

The Hanover's new suite of Cyber solutions is designed to help protect your clients from losses related to data breaches and cyber-attacks. Financial loss from these incidents can stem from both 1st party and 3rd party exposures. That's why Hanover's Cyber solutions provide coverage for both, including enhanced Data Breach Coverage and new Cyber Liability Coverage.

The new products will be automatically added to qualifying new business and renewal policies effective on or after December 1, 2015.*

For additional questions on our new offering contact your local Middle Market Underwriter.

*Due to state regulations, Cyber Liability coverage will not be automatically added to renewals in CA, ME, MI, MT and OH, but will be included on eligible new business. Additionally, in ND, NY, OK and SD, Cyber Liability coverage will not be automatically added as it will be subject to underwriting approval.

Coverage Description

The Hanover’s suite of Cyber solutions offers your clients protection from threats posed by cyber-attacks and data breaches—including losses to a company’s finances, reputation, and operational capabilities.

Data Breach Coverage

Data Breach Coverage provides 1st party protection for the direct costs your business may face when a data breach occurs, including:

  • Data Breach Expense Coverage includes:
    • Notification, forensic analysis, and credit monitoring services expenses
    • Breach Restoration for costs of labor to re-create or copy lost or stolen data
    • Cyber Business Interruption and Extra Expenses incurred due to a breach
  • Additional Expense Coverage for:
    • Legal Services, Public Relations, and Third Party Data Breach
    • Data Breach Ransom and Data Breach Reward
    • Data Breach Investigation expenses resulting from a regulatory investigation
    • Cyber Theft for loss from transferring, paying or delivering funds due to fraudulent input of data in your system
  • Data Breach Services including Fraud Alert, Help Line, Identity Restoration, and Consulting Services

Cyber Liability Coverage

Cyber Liability Coverage offers protection for lawsuits that are brought against your client’s company by a third party as a result of a data breach, including:

  • Privacy and Security Liability for third-party claims arising out of a privacy breach or security breach includes loss or theft of private personal data or failure of your client’s system
  • Cyber Media Liability addresses third-party claims arising out of an electronic media breach such as infringement, trademark, plagiarism, invasion of privacy, defamation, libel, and slander resulting from cyber content

Value-Added Services

The Hanover partners with Identity Theft 911 to give your clients the expert support they need to help prepare for and manage a data compromise crisis and control the damage, including:

  • Guidance on state notification requirements
  • Sample customer notification letters
  • Advice on timely and effective media relations
  • Access to a password-protected website with planning tools and resources

Identity Theft 911 services offered to individuals whose data has been compromised include:

  • Customer-facing  toll-free help line
  • Assistance placing fraud alerts with major credit bureaus
  • Identity theft restoration case management services

Supplemental Application

Submit the application by faxing or emailing it to your local Underwriter.

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