Most business professionals today rely heavily on technology to manage their company’s day-to-day operations and infrastructure, as well as to store their valuable data. While technology improves a company’s efficiency and ease of doing business, the downside is that it leaves the company vulnerable to cyber liability exposures. ENCON offers a Security and Privacy Liability coverage endorsement to protect professional liability policyholders against the following third party cyber liability exposures:

• Network Security Liability – This is the third party liability risk associated with the unauthorized access, theft or destruction of data within the insured’s computer network or other electronic information system. It can include denial of service attacks, virus transmissions and electronic security breaches. It may also include liability claims arising out of the theft of mobile computer equipment, such as laptops or BlackBerries, in order to appropriate data illegally.
  
  
• Privacy Liability – This is the liability risk associated with theft of non-public personal information in electronic and hard copy form and liability involving the failure to comply with privacy laws, or those regulations that govern the control, collection, access, transmission, use and accuracy of that information. It can also include those costs associated with claims or losses to notify affected parties of the breach, as well as fines and penalties for permitting such a breach.
  
  
• Electronic Media Liability – This is the risk associated with the display of electronic content on a client’s website. Electronic content means any information in the form of words, sounds, numbers, images or graphics in electronic form, and includes advertising, video, blogs, bulletin boards and chat rooms.
  
  

Eligibility

Professional Liability & Construction