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

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Coverage Highlights

Coverage:

• Cyber Liability

• Cyber Liability & Technology E&O Bundle

Maximum Limit:

• $10M per occurrence/aggregate

Minimum Deductible:

• $2,500

Minimum Premium:

• $500 Cyber Liability Only

• $1,500 Cyber & Technology E&O Bundle

• Full limits Breach Response (option for outside the limit)

• Full limits for fines and penalties where insurable by law

• Broadened Crime and Social Engineering Coverage

• Invoice manipulation coverage available

• Full limits Dependent Business Interruption

• “Vanishing” Business Interruption waiting period

• Punitive Damages coverage with most favored venue wording

• Sub-limit available for affirmative TCPA violations (excluded under most policies)

• Full limits for media liability

• Additional Insured where required by contract

Target Classes

Consulting

Included but not limited to:

• Retail

• Hospitality

• Healthcare

• Technology

• Manufacturing

• Logistics

• Transportation

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Excluded Classes:

• Adult Entertainment

• Gambling

• Social Networking sites

• Payment Processors

• Bitcoin/Cryptocurrency related companies

MSR CyberSecure+

Bundle Cyber and Technology E&O Coverage In One Comprehensive Policy

• Broadened definition of professional services without a “fee” requirement

• Broadened definition of damages

• Narrowed exclusion for Contractual Liability and Breach of Contract        

• Narrowed “fee” exclusion

Applications

MSR CyberSecure Application

Binding Requirements

1. Completed MSR CyberSecure Application 

2. Confirmation of PCI of HIPPA Compliance (if applicable)

3. Number of transactions or individual records