Federated Insurance Cyber protection combines first-party and third-party insurance coverage for your data stored anywhere in the world. This policy provides your business with broad protection against cyber risks, as well as access to our Cyber Assist* service at no additional cost. Offered in partnership with CyberScout, a leading cyber service provider, Cyber Assist provides consultation on proactive measures you can take to protect your data, as well as reactive assistance in the event of a privacy breach or cyber incident.
First-party coverage can protect your business from the costs that directly impact your operations, including expenses related to incident response, data recovery, bricking, business interruption, and extortion. Third-party coverage protects your business from the costs that third parties, such as your customers, incur because of your business’ cyber claim. It also provides coverage for costs related to cyber and privacy liability, media liability, regulatory expenses and PCI (payment card) assessments.
Our solution includes cyber hygiene consultation services, risk management resources, incident response planning, crisis management support, notification assistance, media relations consulting and extortion/ransomware support and negotiation.