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    • Cyber and Professional Services

    Our Cyber and Professional Services coverage offers comprehensive, customizable and competitively priced coverage for various cyber and professional risks.

    What we cover:

    2

    What we write:

    Third-Party Coverage

    • Professional and Media Services
    • Technology Security
    • Privacy Act (including GDPR) violations
    • Cyber information breaches
    • HIPAA Business Associates, with fines and penalties coverage up to $2 million

    First-Party Coverage

    • Covers cyber notification and crisis costs
    • Breach recertification and forensic expenses
    • Business interruption due to tech breach/system failure
    • Ransomware extortion
    • Data restoration
    • Technology fraud theft loss, along with protection against privacy-related claims, reputational loss and system failure

    Why buy CAPS coverage?

    • CAPS coverage offers a robust shield against a wide range of cyber and professional risks, ensuring businesses are safeguarded from potential financial losses due to data breaches, regulatory fines and legal claims
    • Businesses can tailor the coverage to fit their specific needs, providing a personalized insurance solution that aligns with their professional service offerings
    • CAPS provides an affordable way for businesses to secure themselves against the evolving threats in today’s digital and professional landscape

    Applications and policy forms

    Understanding coverage

    • Coverage for claims and litigations from outside parties related to privacy issues, including regulatory actions. No sub-limit for regulatory claims 
    • Coverage for consequential reputational loss 
    • Coverage for system failure 
    • Computer system to include any device, object or component with the capacity to connect with the internet or any network, computer or technology to transmit or receive data, data ("Internet of Things") 
    • Technology fraud theft to include any fraudulent use or misuse of any telecommunications (telecommunications fraud) 
    • Period of recovery 180 days 
    • Mergers and acquisitions clause with an acquisition threshold of 35% 
    • Punitive damages covered (where allowed by law) 
    • No hammer clause 
    • Duty to defend 
    • Worldwide coverage including domestic or foreign government statutes or regulations 
    • Automatic subsidiary coverage 
    • Automatic coverage for independent contractors 
    • No exclusion for liability assumed by the insured under any contract or agreement 
    • Bilateral discovery clause with ninety (90) day election period 
    • Waiver of subrogation provision for most situations 
    • Broad allocation provision with 100% cost, charges and expenses allocation 
    • Capacity to write limits up to $5 million 
    • Written in all 50 states on surplus lines A+ rated carrier 
    • Minimum Premiums = $500 for a $1,000,000 limit of liability 
    • Minimum Retentions = $0 
    • Simplified application and underwriting process 
    • Target is companies with revenues less than $50 million 
    • Excess over most forms 
    • Excluded classes: financial institutions, hospitals, hotels, governmental entities, e-commerce/retail (100%), colleges/universities 
    • Able to add on BOP coverage on over 20 classes. Under a separate coverage section with limits of $1,000,000/$2,000,000 as well as hired/non-owned auto coverage
    • Proactive resources, including a pre-breach risk assessment with a detailed heat map and recommended steps to reduce risk
    • Privacy and security guideline templates
    • A customizable incident response plan
    • Other privacy and data security compliance materials
    • Digital marketing
    • Document/data conversion
    • Electronics repair
    • Hardware installation
    • IT consulting without MSP exposure
    • IT staffing
    • IT training and education
    • Outsourced and custom software development
    • Quality control and testing services
    • Value added reselling services
    • Web development
    • Standard software development, including the following:
      • CRM
      • E-commerce
      • Enterprise resource planning
      • Financial
      • Healthcare and medical
      • Practice management
      • Social media
      • Business analytics
      • Consumer
      • E-discovery
      • IT analytics
      • Professional services (accounting, HR, risk management etc.)
      • Sharing economy
      • Telematics
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