Cyber Liability Coverage


 

Like many companies, your veterinary practice may use, store, send, or receive electronic information that may include agreements, revenue projections, and tax records. This information may also include information that belongs to other people, such as customers and employees, which may include information such as payment records and employees’ social security numbers.

If electronic information stored on your computer system is stolen, lost, or compromised, the cost of restoring it can be significant. Furthermore, you may be liable for damages to third parties whose information has been stolen. Your practice may also incur notification expenses for you to inform those affected by a breach. On the CVMA Insurance program, you have protection against costs associated with data breaches by having cyber liability included in your policy.

The CVMA Insurance Program provides you with an industry-leading Cyber Liability Package. However, an optional secondary package enhances the Cyber offering further by adding some additional coverage (for Extortion/Ransomware & PCI Fines) and provides increased policy limits to better protect against Cyber losses.

Cyber Liability Coverage Options

Privacy Breach Liability

Coverage for breach of privacy law or the disclosure of protected and personal information.

Network Security

Third party coverage from a failure of security, including theft of mobile equipment and system intrusions.

E-Media

Third party coverage for websites and online content from defamation, libel, disparagement and infringement.

Digital Asset Loss

Costs to restore or recollect digital assets.

Business Interruption

Actual loss and extra expense in the event of a network outage caused by hacking, virus or breach.

Privacy Breach Expense

Coverage for breach of privacy law or the disclosure of protected and personal information.

Regulatory Defence

Covers the costs of hiring attorneys to consult with regulators during investigations and the payment of regulatory fines and penalties that are levied against you as a result of the breach.

Cyber Extortion/Ransomware

Coverage protects your business against losses caused by ransomware and other types of cyber extortion.

PCI Fines

Covers fines incurred from being non-compliant with PCI rules.

Cyber Liability Coverage Enhancements

 

Coverage
Basic
Enhanced
Combined Policy Aggregate Limit $1,500,000 $2,000,000
Privacy Breach Liability $1,000,000 $1,000,000
Network Security $250,000  $1,000,000
E-Media $250,000  $1,000,000
Digital Asset Loss $250,000  $1,000,000
Privacy Breach Expense $250,000  $1,000,000
Business Interruption $250,000  $1,000,000
Regulatory Defence $250,000  $1,000,000
Cyber Extortion / Ransom Ware $250,000
PCI Fines $250,000

 

Interested in Cyber Liability Insurance?