Data breach and cyber liability

In an increasingly digital world, no business is immune from cyber risk. Our specialized data breach and cyber liability coverages offer the essential cyber coverage your business needs to be protected from a data breach or cyberattack. Coverage is offered as an add-on to a business owner's policy or commercial package policy as part of your total account insurance solution.

Our offering is designed to meet the cyber insurance needs of businesses in the following industries:

• Construction
• Manufacturing
• Non-profit
• Professional services
• Retail
• Wholesale

For companies in the technology industry, coverage is included as part of our Hanover Technology Advantage offering.

Essential cyber insurance coverage

The Hanover's data breach and cyber liability solution offers your clients protection from threats posed by cyberattacks and data breaches—including losses to a company's finances, reputation and operational capabilities.

Data breach coverage

Data breach coverage helps protect your business from the direct costs faced when a data breach occurs, such as notification, credit monitoring, cyber investigation and public relations expenses. Coverage highlights include:

• Data breach expense coverage for:
  • Notification, forensic analysis and credit monitoring services expenses
  • Breach restoration for costs of labor to re-create or copy lost or stolen data
  • Cyber business interruption and extra expenses incurred due to a breach
• Additional expense coverage for:
  • Legal services, public relations and third-party data breach
  • Data breach ransom and data breach reward
  • Data breach Investigation expenses resulting from a regulatory investigation
  • Cyber theft for loss from transferring, paying or delivering funds due to fraudulent input of data in your system
• Data breach services, including fraud alert, help line, identity restoration and consulting services

Cyber liability coverage

Cyber liability coverage offers protection for lawsuits that are brought against your company by a third party as a result of a data breach. Coverage highlights include:

• Privacy and security liability for third-party claims arising out of a privacy breach or security breach, including loss or theft of private personal data or failure of your client's system
• Cyber media liability addresses third-party claims arising out of an electronic media breach such as infringement, trademark, plagiarism, invasion of privacy, defamation, libel and slander resulting from cyber content

Valuable risk management services

Dealing effectively with a data breach or cyberattack requires a specialist to help you manage incidents with effective breach consulting and response services. That's why The Hanover partners with leading service providers to give you the expert support you need to help prepare, manage the crisis and control the damage, including:

• Sample notification letters to make sure all necessary information is included
• Advice to help manage negative publicity and quickly deliver appropriate press releases to the media
• Access to an exclusive password-protected website where you can access valuable resources for data breach preparation and resolution

In addition, we also offer services to your customers, clients, members, employees or patients whose data has been compromised, including:

• A toll-free help line to answer questions about the breach
• Assistance in placing fraud alerts with the major credit bureaus
• Identify theft restoration case management