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Cyber Insurance:

Live Q&A

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Justin Reinmuth is the founder of techrug, The Technology Risk Underwriting Group, the preferred cyber liability Errors & Omissions insurance policy for managed service providers, cloud computing, IT staffing companies, and software development firms.

About me

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3 Keys to Effective Risk Management

Protection

Insurance

Contracts

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Fun fact:

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Not all E&O policies are

created equal

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Professional Liability Coverage

  • Errors & Omissions (E&O) Liability: negligence, breach of warranty or representation
  • Security Liability, including failure to prevent;
    • Denial or disruption of service
    • Unauthorized access or use, repudiation of access, introducing malicious code.
    • Identity theft or disclosure of nonpublic personal information
    • Disclosure of third-party nonpublic corporate information

Professional Liability Coverage-Expanded Perils

  • Personal Injury Liability
  • Intellectual Property Liability (includes infringement of software code)

Data Privacy and Network Security Liability Coverage

  • Security liability for activities on an insured’s computer system or network,

including those of a third-party cloud provider (not limited to professional services)

Media Liability Coverage (includes Advertising injury)

  • Personal injury and Intellectual Property Liability for creating, using, disseminating or

publishing content (not limited to professional services)

FIRST-PARTY COVERAGE

Breach Expenses

  • Crisis Management expenses
  • Cyber investigation expenses
  • Data privacy regulatory expenses
  • Notification and identity protection expenses
  • PCI expenses

Extortion

  • Cyber extortion expenses

Business Interruption and Data Loss

  • Business interruption loss
  • Dependent business interruption loss
  • Data restoration expenses

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Common Claims & Exclusions

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  1. Client data loss
  2. Network security failure
  3. Rogue employee
  4. Breach of contract
  5. Vendor coverage

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Questions?

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Thank you

Have more questions? Get in touch with Justin at: information@techrug.com or 614-888-6683

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