WHAT IT COVERS
Imalia's Computer Security & Data Protection coverage includes comprehensive professional services coverage for technology and miscellaneous professionals. This cutting edge privacy and cyber insurance solution also provides a unique first party cover such as privacy notification costs, data recovery and network business interruption as well as third party protection from media, intellectual property and privacy liabilities.
You can purchase Computer Security & Data Protection to protect your balance sheet and it is typically on a pick and choose modular basis that can be tailored to your business risks and price point.
|
Examples of Imalia's Computer Security & Data Protection Covers include; |
|---|
|
Technology Professional Services |
|
This covers your liability in the event you are sued as a result of your technology services. This could include breach of contract, efficacy (fitness for purpose), plagiarism, defamation, libel or slander. |
|
Multimedia Liability |
|
This covers your liability in the event you are sued as a result of information provided in your multimedia e.g. your website or publications and advertising material. Examples would be breach of copyright, libel or slander, plagiarism or defamation and infringement of the right to one’s privacy. |
|
Security and Privacy Liability |
|
This covers your liability in the event you suffer a data breach and you are sued by the affected party including customers or employees. This also includes theft or altering of data, viruses or malware, denial of service and other loss of data from your systems. |
|
Customer Support and Reputational Expenses |
|
If a data breach occurs, this will cover costs incurred to maintain your reputation and provide support to your clients, such as a public relations firm to help repair damage to your brands; legal costs for notifying your affected customers or offering credit monitoring services; setting up call centres for concerned customers; and bringing in IT forensic teams to ascertain the cause of the data breach and potentially remove the hacker from your system. |
|
Data Recovery and Business Interruption |
|
This covers the costs incurred to restore, re-collect or replace affected data stored at your premises or at your external backup data centre or storage facilities, and loss of revenue due to network downtime because of a security breach. |
|
Privacy and Regulatory Defence Penalties |
|
Investigation by Regulators can be expensive to defend. This covers your legal costs to comply with any Regulatory action taken against you following a data breach and can also pay for civil penalties (where allowed) and compensatory awards levied by Regulators. |
|
Cyber Extortion |
|
Hackers can threaten to release confidential information or damage your computer networks in an attempt to extort money. This policy covers ransom paid to avoid the threat from becoming real. |
- The information on this website does not take into account your personal financial situation, needs or objectives. Therefore, before you decide to buy a product arranged by Imalia or keep a similar product you already hold, it is important that you consider the relevant Product Disclosure Statement to make sure that the product is appropriate for you.
