Advances in information technology the last decade have dramatically changed how business is conducted. New risks to network and information security occur at unprecedented rates with unintended consequences. Data breaches, network failures, cyber extortion, regulatory expenses and other cyber risks are serious exposures faced by companies of all sizes in every industry. However, standard Property and Liability insurance policies are not designed to cover cyber perils.
Cyber Liability insurance can exist as standalone insurance product or, in some cases, can be part of a broader Errors & Omissions Liability insurance program. The Errors & Omission/Cyber Liability experts at RHSB can assist you with your cyber risk mitigation — in terms of both your own recovery expenses, as well as liability to third parties.
Our membership in TechAssure provides us with proprietary risk management resources and exclusive coverage forms, allowing us to offer our clients with cutting-edge solutions as well as peer benchmarking. Through TechAssure we have the exclusive endorsement of National Venture Capital Association (NVCA), Inc. 500/5000, and the Electronic Component Industry Association.