Consultations:Is your head in the clouds when it comes to Cyber coverage?
Ensure that your company is prepared to keep moving forward in the event of a security breach or other cyber compromise.
From office work to remote work, data storage to network security – the specialists at Oakwood have you covered.
Cyber insurance provides protection against the costs associated with security breaches, business email compromise, social engineering, ransomware, malware, viruses, data storage and many others. Oakwood D&O can help determine the best coverage for your individual cyber needs – from large to small operations.
Let’s connect for a free policy review.
Oakwood D&O Insurance Services
Phone: (323) 686-7519
Email: info@oakwooddno.com
If electronic data stored on your computer system is lost, stolen, or compromised, the cost of restoring it can be significant. Moreover, you could be liable for damages to third parties whose data has been stolen – and your company may incur notification expenses if required to inform those affected by a data breach.
We have options available for all businesses that use computer systems and the internet. Many policies include both first-party and third-party coverages.
First-party coverage applies to losses sustained by your company directly, such as:
- Loss or Damage to Electronic Data
- Loss of Income or Extra Expenses
- Cyber Extortion Losses
- Notification Costs
Virtually all cyber liability policies are claims-made. Some third-party coverages may be subject to retention.
Third-party coverage includes:
- Network Security Liability
- Network Privacy Liability
- Electronic Media Liability
- Errors and Omissions Liability
Do you fully understand the nuances between a claims-made and occurrence policy, and self-insured retention? Having suitable Cyber coverage in place can protect your business and bring peace of mind. The experts at Oakwood D&O will review your current coverage, answer these questions and reveal the best solutions.
