Audience
Companies looking for an ERM Cyber Insurance solution
About Chubb
With DigiTech® ERM and Chubb’s approach to Widespread Events coverage, businesses can tailor coverage to their unique exposures and needs, providing for greater coverage certainty and also providing long-term stability in the cyber insurance marketplace. Market-leading, highly customizable solutions to address clients’ unique needs, regardless of size, industry or type of risk. Broadened definition of protected Information includes biometrics, internet browsing history and personally identifiable photos and videos. Coverage territory applicable to anywhere in the universe to address continued evolution of hosting and data storage. Ransomware encounter endorsement addresses the increasing risk of ransomware by allowing for a tailored set of coverage, limit, retention, and coinsurance to apply uniformly across all cyber coverages.
Other Popular Alternatives & Related Software
Embroker
Embroker helps you get cyber liability insurance to cover both first and third-party financial losses resulting from data breaches and other cybercrimes that may compromise sensitive company and customer information. A cyber insurance policy, also referred to as “cyber risk insurance” or “cyber liability insurance” coverage, is a financial product that enables businesses to transfer the costs involved with recovery from a cyber-related security breach or similar events. Typically, the most important aspect of cyber insurance will be network security coverage. This coverage will respond in the event of a network security failure – such as data breaches, malware, ransomware attacks and business account, and email compromises. However, the policy will also respond to liability claims and ancillary expenses of an attack or breach.
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CNA
Cybercriminals continue to wreak havoc on businesses of every size – and the results are staggering. The average cost of a ransomware attack is $5 million, and it takes an average of 191 days for an organization to discover it has been breached. As cyberattacks continue to escalate, every business is at risk. CNA offers a market-leading suite of cyber insurance products and risk control resources for businesses of all sizes, built on nearly two decades of cyber insurance expertise. Our Underwriting and Risk Control professionals offer tailored, industry-specific coverages and provide the tools and resources needed to understand exposures and address potential losses. And if there is ever a data breach, our skilled Claim professionals are dedicated to working with policyholders, so everyone can remain focused on their business.
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Cincinnati Insurance
Focus on your business, knowing you have the necessary cyber risk coverage to keep your organization protected. Tailor your coverage through our three options: Cincinnati Data Defender™, Cincinnati Network Defender™ and Cincinnati Cyber Defense™. Coverage for responding to a data breach, including expenses for assisting all those affected. Financial protection for legal action following a data breach. Reimbursement and personal services to help owners or key employees with recovery following identity theft. Coverage to recover from a cyberattack, such as ransomware, including cyber extortion expenses, data and system restoration, lost income and public relations expenses. Financial protection for legal action following a computer attack or allegations of injuries arising from your electronic communications.
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Corvus Insurance
Smart Cyber Insurance policies begin with information gathered through the proprietary Corvus Scan which helps to quantify cyber risk. This intelligence enables our team to deliver optimal pricing and coverage options within minutes. Each policy includes a Dynamic Loss Prevention™ report with detailed IT security recommendations, access to our Risk & Response Services for proactive risk management, and ongoing vulnerability alerting. Our proprietary underwriting process leverages new sources of data analyzed with machine learning to quote cyber insurance coverage for most accounts within minutes, while also providing our experienced underwriting team with tools and insights to work on complex risks. Corvus's broker platform, the CrowBar, optimizes quoting with the shortest application in the industry, enabling brokers to request and receive quotes within minutes for most accounts.
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Integrations
Company Information
Chubb
Switzerland
www.chubb.com/us-en/business-insurance/digitech-enterprise-risk-management-digitech-erm.html
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Product Details
Platforms Supported
Cloud
Support
Phone Support
Online
