security Policy Overview
The cyber threats faced by all types of companies in today’s digital environment can be devastating. This industry-leading and affordable insurance policy covers first and third-party cyber-related threats and expenses including data breaches, legal defense costs, notification costs, and system disruption and addresses nearly every aspect of a companies total cyber exposure.
warning Key Protected Threats
- Hacking-Related Breaches
- Phishing Attacks
- Employee Breaches & Theft
- Physical Data Theft
- Third-Party Vendor Breaches
- Viruses, Spyware, & Malware
Purchasing commercial insurance is a great start for protecting your small business against risk, but depending on your company’s operations, your policies may vary. Your business is one-of-a-kind – additional policies or add-ons to the one listed below may be necessary to fill coverage gaps. That’s where Layr can help.
bookmark_border Additional Reading
device_hub Coverage Details
| Feature | Layr Option A | Layr Option B | Other Companies |
|---|---|---|---|
| Admitted Coverage | check | check | Maybe |
| Instant Approval | check | check | Maybe |
| No Underwriting Required | check | check | clear |
| Reputable A-Rated Carrier | check | check | check |
| Full Prior Acts | check | check | clear |
| Limit | $250,000 | $1,000,000 | $100,000 - $1,000,000 |
| Deductible | $2,500 | $2,500 | $2,500 |
| Waiting Period | 8 Hours | 8 Hours | N/A |
| Funds Transfer Fraud | $100,000 | $100,000 | clear |
| Telecommunications Theft | $100,000 | $100,000 | clear |
| Social Engineering Fraud Loss | $100,000 | $100,000 | clear |
| Pre-Claims Assistance | check | check | clear |
| Business Interruption & Extra Expenses | check | check | clear |
| Business Services Costs | check | check | clear |
| Regulatory Defense & Penalties | check | check | Maybe |
| PCI Fines & Assessments | check | check | Maybe |
| Network & Information Security Liability | check | check | check |
| Multimedia Content Liability | check | check | check |
| Cyber Extortion | check | check | clear |
| Ransomeware Loss | check | check | clear |
| Breach Response | check | check | clear |
| Fraud Response | check | check | clear |
| Crisis Management | check | check | clear |
| Public Relations Management | check | check | Maybe |
| Reputation Repair | check | check | clear |
| Systems Failure | check | check | clear |
| Cost of System Upgrades | check | check | clear |
| Digital Asset Restoration | check | check | Maybe |
| Computer Replacement | check | check | clear |
| Bring Your Own Device (BYOD) | check | check | Maybe |
| Mental Anguish | check | check | clear |
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