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DATABASE INSURANCE
Legal and Defense Expenses
Offers coverage for legal liability, defense costs and expense reimbursement for liability from a personal identity event.
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Crisis Management Response
Coverage for reasonable and necessary charges and fees for the services of a public relations firm, crisis management firm, or law firm solely for the purpose of restoring confidence of the insured’s customers and investors.
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Regulator Expenses
Coverage for reasonable attorney’s fees and expenses for legal services incurred in the defense and investigation of an investigation of the insured, negotiation of a consent order against the insured or formal adversarial administrative proceeding against the insured by the U.S. or Canadian federal, state, provincial or territorial regulatory agency arising solely out of a personal identity event.
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Notification Expense
Coverage for the reasonable and necessary costs incurred for correspondence or any other communication directed to any individual whose personal information is the subject of a personal identity event.
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"Identity Theft Recovery Expense
Coverage for reasonable fees and expenses incurred by an insured for any service specifically approved, including identity theft education and assistance and credit file monitoring.
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Security Breach Insurance
Third party liability coverage for claims resulting from a failure of computer security, which includes privacy claims from wrongful release or failure to protect private or confidential information.
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Information Assets
First Party Coverage for property losses involving data, computer systems resources and information assets, such as customer databases resulting from a failure of network security.
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Business Interruption
Provides protection for business interruption losses arising from the interruption or suspension of an insured’s computer network due to failure of network security. This coverage includes business income and extra expense, as well as funds for forensic and investigative services and dependent business interruption.
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Cyber Extortion
Coverage that provides protection for both first-party loss and third-party liability resulting from acts of cyber terrorism.
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DISCLAIMER: The insurance is underwritten by member
companies of American International Group, Inc. The description
herein is a summary only. It does not include all terms, conditions
and exclusions of the policies described. Please refer to the actual
policies for complete details of coverage and exclusions. Coverage
may not be available in all jurisdictions. Issuance of coverage is
subject to underwriting.
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