One DATA BREACH can destroy critical customer information -
and your finances, your reputation, and your future.
CYBER LIABILITY & DATA BREACH RESPONSE INSURANCE
Data breaches. Network security failures. The resulting lawsuits. These complex, costly situations are an ugly reality for any business handling customer information today.
That’s why National Interstate offers Cyber Liability and Data Breach Response policies. We can protect your company from catastrophic
financial loss caused by a security breach or lawsuits requiring costly damages paid to a third party. There’s even coverage for the expensive crisis management and public relations services required to maintain your company’s good standing after an incident.
OF ALL DATA BREACHES ARE AIMED AT SMALL BUSINESSES40% OF ALL SUCCESSFUL BREACHES HAPPEN TO
SMALL BUSINESSES72%
THE UNITED STATES HAS THE HIGHEST RATE OF CYBER CRIME IN THE WORLD
CYBER LIABILITY & DATA BREACH RESPONSE INSURANCE
Your company is responsible for the privacy and security of third-party data in your system. And while nobody can fully prevent a network security failure or other data breach, you can protect yourself from potential financial disaster and irreparable damage to your company’s reputation.
➼ Responding to and investigating a breach is extremely complicated
➼ Fighting a breach is expensive — with legal defense fees, fines and penalties
➼ 47 states have enacted security breach notification legislation
➼ Your company’s reputation and the trust of your customers is on the line
With premiums as low as $148 per year and limits from $50,000 up to $1,000,000, it’s coverage your company cannot afford not to have.
37% of all breaches result
from a malicious or criminal attack
29% of all breaches result from a
system glitch
35% of all breaches result
from an employee mistake
If malicious or criminal, the median breach cost is
$565,800If a system glitch, the median
breach cost is
$393,300If employee mistake, the median
breach cost is
$368,000
Cyber Security Facts
A data breach isn't always a disaster. MISHANDLING it is.
3250 Interstate DriveRichfield, Ohio 44286800-929-1500www.natl.com
*Information based on industry expert reports.
Crisis Services 50%
Legal Defense 36%
Legal Settlements 13%
Fines 1%
Data Breach Claim Cost Summary