Cyber Liability Coverage Included With Every Retailers Insurance Workers’ Compensation Policy
$100,000 in Cyber Liability Protection at No Additional Cost
Every Retailers Insurance workers’ compensation policy includes our Cyber Liability Program at no additional cost. This valuable policy enhancement provides enrolled businesses with up to $100,000 in annual aggregate cyber liability protection for covered cyber, privacy, and data-security events.
There is no separate premium for this Cyber Liability enhancement. It comes standard with Retailers Insurance workers’ compensation policies, providing policyholders with an additional layer of protection against today’s cyber and privacy risks.
What Does the Retailers Insurance Cyber Liability Program Cover?
A cyber incident can affect businesses of any size. Customer information, employee records, email accounts, electronic payments, computer systems, and other sensitive business information can all create cyber exposures.
The Retailers Insurance Cyber Liability Program can protect covered events involving:
- Cyber information breaches and privacy violations
- Unauthorized access to or use of computer systems
- Unauthorized release of protected personal information
- Civil, administrative and regulatory privacy proceedings or investigations
- Defense costs, settlements and covered judgments
- Qualifying privacy fines and penalties
- Qualifying PCI Standard violation fines and expenses
- Cyber breach forensic expenses
- Costs of notifying affected individuals following a covered breach
- Crisis-management expenses
- Cyber breach recertification expenses
- Cyber extortion and technology threats
- Technology fraud theft and certain cyber-deception events
Coverage is subject to the terms, conditions, definitions, limits, sublimits, retentions and exclusions of the applicable policy.
A claim or potential claim must be reported to the insurer in accordance with the terms of the policy.
Cyber Incident Notification
Toll-Free: 877.207.1047
AmTrustCyberClaims@amtrustgroup.com
Frequently Asked Questions
Does Retailers Insurance include cyber liability insurance with its workers’ compensation policies?
Yes. Every Retailers Insurance workers’ compensation policy includes the Cyber Liability Program at no additional cost. The program provides up to $100,000 in annual aggregate cyber liability protection, subject to applicable policy terms, conditions, limits, sublimits, retentions and exclusions.
Is the Retailers Insurance Cyber Liability Program free?
There is no additional premium charged for the Cyber Liability Program when it is included with a Retailers Insurance workers’ compensation policy. It is an added policy enhancement.
How much cyber liability coverage is included?
The program provides an overall $100,000 annual aggregate limit for covered Loss under the Cyber, Media and Technology Security Services coverage.
Does the cyber coverage have a deductible or retention?
A $1,000 retention generally applies per claim for an enrolled business, although specific coverage provisions and retentions vary by type of covered expense.
Does the Cyber Liability Program cover data breaches?
The program includes coverage for qualifying Cyber Information Breaches and certain privacy-related claims, including covered costs associated with forensic investigation, notification and regulatory matters.
Does the Cyber Liability Program provide ransomware or cyber extortion protection?
The program includes up to $10,000 in qualifying Extortion Expenses arising from a covered Technology Threat, subject to the terms and conditions of the policy.
Does the program cover fraudulent electronic transfers or cyber deception?
The program includes up to $10,000 for qualifying Technology Fraud Theft Loss, which can include certain fraudulent transfers involving technology or communications systems and certain forms of electronic business impersonation.
Does the Cyber Liability Program cover privacy or PCI fines?
The program includes coverage for qualifying Privacy Fines or Penalties and PCI Standard Violation Fines and Expenses, subject to applicable policy provisions and limits.
Does the program provide cyber incident response assistance?
Yes. The program provides access to a Breach Response Hotline and pre-approved breach specialists to assist with qualifying cyber and privacy incidents in accordance with policy requirements.