Cyber Liability

Comprehensive Protection in the Digital Age

In today’s interconnected world, cyber threats pose a significant risk to organizations of all sizes. A single data breach can expose sensitive personal information, disrupt operations, and inflict substantial financial and reputational damage. TPS Cyber Liability coverage is designed to provide comprehensive protection against the devastating consequences of cyber incidents, ensuring that your organization can navigate these challenges with confidence and resilience.

Safeguarding Your Organization from Cyber Risks

TPS Cyber Liability coverage shields your organization from the financial losses associated with data breaches, network security failures, and other cyber-related incidents. By transferring this risk to TPS, you can focus on your core operations without worrying about the potential impact of cyber threats.

Extensive Coverage for Cyber Incidents

TPS Cyber Liability coverage offers a wide range of protection, including:

1. Notification and Regulatory Compliance: Coverage for drafting notification letters, reporting, and communicating with regulatory authorities in the event of a data breach.
2. Identity Protection Services: Access to credit monitoring, credit freezing/thawing, healthcare record monitoring, social media monitoring, password management services, and fraud alert services to protect your stakeholders’ identities.
3. Crisis Communications: Expenses related to retaining public relations or crisis communications firms to protect or restore your organization’s reputation and mitigate financial harm.
4. Computer Forensics: Coverage for retaining third-party computer forensics firms to determine the cause and scope of a cyber incident.
5. Business Interruption: Coverage for continuing normal operating and payroll expenses (net profit before tax) that would have been earned had no interruption in service occurred.
6. Data Recovery: Reasonable and necessary costs incurred to replace, restore, recreate, re-collect, or recover digital data, including losses from fraudulent infiltration.
7. Cyber Extortion: Provides coverage for expenses, including money, cryptocurrencies, or other consideration surrendered as payment due to a network extortion event.
8. Social Engineering Fraud: Covers payment for loss of money or securities sustained directly from Social Engineering Fraud committed by individuals purporting to be vendors, clients, or employees (subject to a $100,000 sub-limit).
9. Payment Card Industry (PCI) Fines and Penalties: Monetary assessments, fines, penalties, chargebacks, reimbursements, and fraud recoveries resulting from payment card loss.

Tailored Deductibles and Sub-Limits

To align TPS Cyber Liability coverage with your organization’s unique needs, we offer flexible deductible options ranging from $25,000 to $100,000, based on your annual revenue amount. Additionally, various sub-limits may apply to specific coverages, ensuring that your protection aligns with your risk profile.

In the digital age, cyber threats are an ever-present risk, but with TPS Cyber Liability coverage, you can rest assured that your organization is protected. Contact us today to learn more about our comprehensive cyber protection solutions and how we can safeguard your operations from the potential impact of cyber incidents.