Cyber Suite

Illustration of lock with computer code

IMT offers a comprehensive cyber insurance solution designed to help businesses respond to a full range of cyber incidents, including breach of personal information, the threat of unauthorized intrusion into or interference with computer systems, damage to data and systems from a computer attack and cyber related litigation.

Protection for your Business

All entities hold personal information of individuals, whether it is their customers or their employees. In most states, entities are required by law to notify affected individuals whose personal information may have been breached. Even in states where no such law currently exists, there is a growing trend on the part of entities that become aware of a breach to notify affected individuals.

In today’s digitally interconnected world, every organization relies on data and on the networked computer systems upon which data resides. Many organizations rely on data, systems and their connection to the internet as their primary means of conducting business. For others, data and systems play an integral part in supporting the information necessary to run a business in today’s world. No organization can afford to lose important data and systems and hope to function at the highest level.

Cyber criminals act without warning and data and system losses from computer attacks, including significant out of pocket recovery costs and organizational downtime, can be devastating. Attacks like this have long been a persistent risk to organizations but their visibility has increased in recent years. Cyber attackers have shifted their attention to smaller entities in search of easier targets as larger entities have hardened their defenses.

Access the eRiskHub® site for assistance with planning and preparation in the event of a cyber attack or data breach.

FAQ

Cyber Suite Coverage offered by IMT is a comprehensive cyber insurance solution designed to help businesses respond to a range of cyber incidents, including breach of personal information, the threat of unauthorized intrusion into or interference with computers systems, damage to data and systems from a computer attack and cyber-related litigation.

All companies that maintain data on clients, employees and others have a responsibility to safeguard that data. Businesses are vulnerable to data breaches and cyber attacks by computer thieves, and dishonest employees and data can often be lost through an accidental or inadvertent release.

All businesses need IMT Cyber Suite Coverage because:

  • Typical Businessowners and General Liability policies do not cover data breaches and cyber-attacks
  • The majority of attacks are against small and mid-sized businesses
  • Every state has laws requiring business owners to notify affected persons of stolen or lost data and the associated costs create a severe burden on small businesses
  • A business with a data breach needs to protect its own reputation
  • Loss of income due to cyber attacks
  • Lack of emergency funds and in-house expertise to address cyber issues
  • All businesses are now becoming targets, not just big businesses

IMT Cyber Suite Coverage goes beyond cyber insurance currently available by combining coverage for:

  • Data compromise response expenses
  • Computer attack
  • Cyber extortion
  • Data compromise liability
  • Network security liability
  • Electronic media liability

  • A first-party coverage designed to provide the resources to respond to a breach of personal information
  • A first-party coverage designed to provide resources to respond to a computer attack
  • A first-party coverage designed to respond to an extortion threat
  • A third-party coverage designed to provide defense and settlement costs in the event of a suit related to a breach of personal information
  • A third-party coverage designed to provide defense and settlement costs in the event of a suit alleging that a system security failure on the part of the insured caused damage to a third party
  • A third-party coverage designed to provide defense and settlement costs in the event of a suit alleging that the insured infringed on a copyright or trademark, defamed a person or organization, or violated a person’s right to privacy

  • Risk Management – Access to eRiskHub®, a risk management portal designed to help business owners prepare and respond effectively to data breach and cyber attacks. Key features of the eRiskHub® portal include: an incident response plan road map, online training modules, risk management tools to manage data breaches, a directory for external resources, a news center with current articles from industry resources, and a learning center with best practices and white papers
  • Claims – Claims managed by experienced and dedicated cyber claim specialists with industry knowledge.
  • Access to “TechQ” which offers FREE computer diagnostics by phone and competitive rates for virus removal, technical assistance and related digital security services.
  • Access to experts in recovering from cyber extortion and data breaches.

For more information on Cyber Suite coverage contact your local IMT independent agent.

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