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    • Cyber, Media and Technology Security Services

    E-Risk’s Cyber, Media, and Technology Security Services (CMTS) and Cyber and Professional Services (CAPS) insurance policies are specifically designed to protect the cyber risks of small and medium businesses.

    What we cover:

    2

    What we write:

    Third-Party Coverage

    • Media services
    • Technology security
    • Privacy Act (including GDPR) violations
    • Cyber information breaches
    • Specific coverage for HIPAA Business Associates
    • Coverage for privacy fines and penalties
    • Coverage for PCI standard violation fines including for PCI assessments

    First-Party Coverage

    • 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, protection against privacy-related claims, reputational loss and system failure

    Why buy CMTS coverage?

    • A cyber insurance policy helps an organization pay for financial losses they may incur in the event of a cyberattack or data breach.  It also helps organizations cover costs related to the remediation process, such as paying for the investigation, crisis communication, legal services, and refunds to customers.  
    • Cyber Insurance is just one component of a comprehensive risk management strategy.  Other components may include cybersecurity measures, employee training, and business continuity planning.  These additional services complement any cyber liability policy purchase.

    Understanding coverage

    • Coverage extended to include additional limit for breach response costs 
    • Full limit extortion/ransomware coverage 
    • Full limit first party business interruption and dependent business interruption, including system failure; coverage for loss of business income and extra expenses 
    • $0 retention for business interruption expenses 
    • Broad definition of dependent business; not solely limited to third-party technology providers 
    • 365-day period of recovery for business interruption losses 
    • $250,000 limits for technology fraud coverage (cybercrime and social engineering) 
    • Coverage extended to include invoice manipulation at $250,000 limit and utility & telecommunications fraud (including botnetting and cryptojacking) at a $100,000 limit 
    • Computer system definition includes employee-owned devices while performing duties of their employment 
    • Reputational harm with 180-day period of recovery 
    • Affirmative coverage for GDPR and CCPA 
    • Costs of Notification includes voluntary notification of privacy breaches 
    • Voluntary Shutdown included in definition of Computer Interruption 
    • Business associate HIPAA liability coverage for healthcare firms at full policy limit 
    • Hardware Restoration/Bricking Coverage 
    • Betterment Coverage 
    • Coverage extended to include Contingent Bodily Injury and Contingent Property Damage at $250,000 limit. 
    • Coverage extended to include post breach remediation  
    • Criminal reward coverage extended to pay 50% of any reward the insured pays 
    • Automatic Vicarious Liability Coverage pursuant to a contract
    • Accountants 
    • Advertising and marketing firms – no media coverage provided 
    • Agriculture (including forestry and fishing) 
    • Allied healthcare, doctor and dental offices 
    • Architects and engineers 
    • Consultants 
    • Insurance agents 
    • Miscellaneous professional services 
    • Printing and publishing (excludes media coverage) 
    • Recruiting and staffing firms 
    • Auto dealers 
    • Construction and contractors 
    • E-commerce 
    • Financial advisors 
    • Funeral homes and services 
    • Inbound call centers 
    • Logistics and transportation 
    • Manufacturing 
    • Media production (excludes media coverage) 
    • Municipalities under $10 million in revenue/assets (includes utility providers) 
    • Nonprofits 
    • Nursing homes and retirement homes 
    • Private equity firms 
    • Private/charter schools 
    • Property Management 
    • Real estate development 
    • Retail and Hospitality (hotels, clubs, shops, restaurants) 
    • Social service organizations 
    • Venture capital firms 
    • Wholesale and distribution
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