Security and privacy
Data security is on the mind of every business executive, whether the company is large or mid-sized. Data and intellectual property may be your business’ most valuable assets. Protecting those assets from breaches requires seamless strategies and integrated coverages. Zurich specialists are industry leaders in data protection, breach insurance and cyber risk management solutions. We are committed to helping you safeguard your company’s sensitive information.
Zurich has been providing comprehensive insurance solutions around the globe for more than 140 years. Zurich insures 90% of Fortune 500 companies and provides cutting-edge insights for 25 industries. In addition, we continue to maintain strong financial ratings.
In addition to knowledgeable security and privacy professionals, Zurich’s Risk Engineering team is dedicated to cyber-related issues and produces predictive analytics in collaboration with our Claims team and underwriters. When Zurich professionals apply these insights to your company, the wide range of cyber risk and privacy issues can be exposed.
Through our strategic relationships, qualified Zurich customers have access to breach coaching and employee training programs. This can help build awareness to ensure compliance with local regulations.
Security and privacy solutions
Zurich’s Security and Privacy (S&P) Protection policy provides state-of-the-art coverages, including:
Third Party coverage
- Security and Privacy Liability coverage
- Regulatory proceedings defense costs
- Civil fines and penalties coverage
- Internet media liability coverage
- Forensic investigation expenses
- Legal and public relations expenses
- Notification Expenses
- Credit monitoring costs
First Party coverage
- Digital asset replacement expense coverage
- Business income loss and dependent business income loss coverage
- Cyber extortion threat and reward payments coverage
Our policy helps businesses manage the evolving risk and financial impact of data breaches with over 25 built-in coverage enhancements and international program capabilities. Enhancements include:
- Expanded privacy breach costs to help mitigate the potential for third-party S&P liability claims
- Expanded definition of company’s IT network, which now includes bring-your-own devices (BYODs)
- Extended coverage of cyber extortion to cover threats made by employees without the cooperation of an executive officer
- New category of healthcare record remediation responds to Protected Health Information (PHI)
- Inclusion of outsourced service providers beyond information technology
- Only the single highest retention is applied when multiple insuring agreements are triggered
Cyber vendor resources
Following a breach, obtaining a technical and legal provider with the appropriate experience is important. Zurich offers its qualified customers a complimentary half-hour consultation with an experienced cyber-breach coach.
Zurich can help Zurich-qualified customers access privacy attorneys,* who can help them assess whether a computer forensics investigation is needed, or whether breach notifications are required. In addition, here is a list of preferred third-party providers* that can provide a variety of data security and privacy services:
Data Breach Coaches:
Mullen Coughlin (U.S.)
Thompson Coburn (U.S.)
Traub Lieberman (U.S.)
Goldberg Segalla (U.S.)
Norton Rose (U.S.)
Baker & Hostetler (U.S.)
Locke Lord (U.S.)
David Wright Tremaine (U.S.)
Dolden Wallace Folick (Canada)
Data Breach Response Services:
Fidelis Cybersecurity (U.S.) Available services include forensic investigation
ID Experts (U.S. and Canada) Available services include forensic Investigation, notification and call center, credit/identity monitoring/fraud remediation and public relations
CyberScout(Formerly Identity Theft 911) (U.S.) Available services include notification and call center, and credit/identity monitoring/fraud remediation
NPC- Immersion Data Breach Response (U.S. and Canada) Available services include notification and call center
Intelligent Business Concepts (IBC), Inc. (U.S.) Available services include notification and call center, and credit/identity monitoring/fraud remediation
Kroll, Inc. (U.S. and Canada) Available services include forensic investigation, notification and call center, and credit/identity monitoring/fraud remediation
Experian Data Breach Resolution (U.S. and Canada) Available services include breach notification, incident hot line for victims, and identity protection, including credit monitoring
FleishmanHillard (U.S.) Available services include public relations/communications and crisis management
Hill + Knowlton Strategies (U.S.) Available services include public relations/communications and crisis management
Padilla CRT (U.S.) Available services include public relations/communications and crisis management
Marsh Risk Consulting’s FACS (U.S.) Available services include forensic accounting
MDD (U.S.) Available services include forensic accounting
Meaden & Moore (U.S.) Available services include forensic accounting
Pre-Breach Risk Assessment Services:
eRisk Hub can be a valuable resource in preparing for a data breach. From prevention tips to response recommendations, eRisk Hub® can assist with a wide variety of cyber situations. Zurich's eRisk Hub® is available to all Zurich North America Security and Privacy customers.
*The privacy attorneys and other third party service providers are not subsidiaries or affiliates of Zurich and use of their products and services are independent of, and not included within, any Zurich products or services. Zurich expressly disclaims any and all damages and other costs that may arise related to the use of or reliance upon the products, services, representations or warranties made by or on behalf of the third party service providers.