DataBreach^SM Coverage

Most business owners take steps to secure their computer systems, but the reality is that no system is impregnable.  What's more, with our mobile and inter-connected society, unauthorized access to sensitive data often arises from perils that cannot be fully addressed by technical security such as employee error, loss of hardware and paper files, misuse of access to data by employees and "zero day" attacks that exploit software vulnerabilities before a patch has been released.  Recovering from a breach can be expensive and time consuming.  Determining the cause and extent of the breach, complying with the more than 40 different state security breach notice laws, the investment in professional services and equipment to continue operations, correct file damage, and conduct public relations damage control measures, not to mention potential lawsuits from customers and clients, can truly drain a business.  Markel understands these situations and can even help businesses offer some incentive for bringing the guilty party to justice.

Our newly revised DataBreach^SM Coverage provides innovative protection to mitigate the financial effects of a breach of company records.

Contact your Markel underwriter for more information.

• Medical facilities
• Insurance agencies / brokers
• Car dealerships
• Retailers - both online and traditional brick and mortar
• Professional service firms
• Internet-based businesses

For a more complete listing of coverages, login to our broker website and visit SCOUT.

• Broad policy form for third party liabilities arising from an Unauthorized Access
• Supplementary Payments coverage available for public relations expense, voluntary credit monitoring, and compliance with notification laws
• Optional coverages for first party costs to recover from a breach and for electronic media liability
• Responds to liability for identity theft, invasion of privacy or HIPAA violation, failure to protect confidential data, transmission of spyware, viruses and other malicious code, use of network to harm a third party
• Covers laptops, backup tapes, paper records, and other storage media
• Includes coverage for unauthorized access by an employee
• Defense of proceedings by privacy regulators at full liability limit
• Worldwide coverage
• Optional electronic media coverage
• Forensic/incident response services from Fishnet Security as part of our claim handling process

For complete terms and conditions, refer to the policy itself.  Coverage is subject to exclusions in the policy.