QBE North America, an operating division of QBE Insurance Group Limited, has launched a new privacy & network security offering as part of its continued specialty insurance expansion.
The new Solution for Cyber Risk product is a comprehensive product suite addressing the exposures of cyberattacks, including privacy violations and breaches of network security, and protects businesses in the event sensitive or protected data is compromised.
The Solution for Cyber Risk can also assists customers in mitigating the risk of security breaches, and help them respond quickly if such an event occurs. The Solution for Cyber Risk includes access to our eRiskHub portal, powered by NetDiligence. eRiskHub helps organizations combat cyber losses through online, mobile-friendly access to loss control expertise, risk management tools, cyber risk news and education, and breach response guidance.
Coverages contained in the new policy include:
- Privacy and network security liability
- Media liability
- Data breach notification costs
- Restoration costs
- Regulatory defense and penalty costs
- Public relations costs
- Forensics costs
- Credit monitoring costs
- Business interruption and extortion
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