MSR
CyberSecure
Cyber and Tech E&O coverage for small to medium sized enterprises
MSR CyberSecure Overview
Companies today are looking for turnkey solutions that provide a selection of world class breach response vendors, including legal, forensics, credit monitoring/freeze, and public relations following a breach. Having a system in place to immediately provide these services with a single phone call can make a huge difference in the ultimate cost of a privacy or security breach. In addition, emerging and mid-sized business want a very broad policy that is easy to understand; one that has grown as the legal and regulatory environment has shifted. And finally, technology and business process outsourcing companies need a place to buy a policy that provides both broad form cyber and broad form E&O so that potential gaps and overlaps are eliminated.
Excess + Surplus
A.M. Best Rating
Lloyd's of London
Coverage Highlights
Coverage:
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Cyber Liability
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Cyber Liability & Technology E&O Bundle
Maximum Limit:
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$10M per occurrence/aggregate
Minimum Deductible:
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$2,500
Minimum Premium:
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$500 Cyber Liability Only
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$1,500 Cyber & Technology E&O Bundle
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Full limits Breach Response (option for outside the limit)
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Full limits for fines and penalties where insurable by law
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Broadened Crime and Social Engineering Coverage
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Invoice manipulation coverage available
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Full limits Dependent Business Interruption
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“Vanishing” Business Interruption waiting period
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Punitive Damages coverage with most favored venue wording
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Sub-limit available for affirmative TCPA violations (excluded under most policies)
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Full limits for media liability
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Additional Insured where required by contract
Target Classes
Consulting
Included but not limited to:
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Retail
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Hospitality
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Healthcare
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Technology
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Manufacturing
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Logistics
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Transportation
Excluded Classes:
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Adult Entertainment
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Gambling
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Social Networking sites
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Payment Processors
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Bitcoin/Cryptocurrency related companies
MSR CyberSecure+
Bundle Cyber and Technology E&O Coverage In One Comprehensive Policy
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Broadened definition of professional services without a “fee” requirement
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Broadened definition of damages
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Narrowed exclusion for Contractual Liability and Breach of Contract
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Narrowed “fee” exclusion