With your company more reliant than ever on technology, you need comprehensive coverage that helps protect you from a range of threats, including theft of data, extortion attempts and professional liability.

Coverage Highlights

Benefits
  • Affirmative 100% Allocation of Defense provision if at least one covered claim is asserted
  • Privacy coverage includes:
    • Personal information in any format
    • Network, as well as non-network security breaches
    • Customer and employee information
  • Covers wrongful acts of Insured and its service providers
  • Free access to Chubb’s Cyber Experience, a web-based loss prevention resource containing information and technical resources to help policyholders manage their privacy and network risk
  • Data breach expenses include voluntary notification and expenses to comply with the consumer notification provisions of the applicable jurisdiction that most favors coverage
  • No retention, coinsurance, prior written approval, or post-discovery time restrictions for Data Breach Fund (voluntary notification subject to prior written approval)
  • Privacy Regulations coverage includes the latest regulations including the Identity Theft Red Flags Rule, HITECH Act and Massachusetts 201 CMR 17
  • Definition of damages includes regulatory fines (where permitted by law), a consumer redress fund awarded from a regulatory proceeding, and punitive and exemplary damages (most favorable jurisdiction language)
  • Specified officers, directors, principals, and partners for Notice and Representations
  • Bodily injury exclusion includes a carve back for mental injury, mental anguish, mental tension, emotional distress, pain and suffering or shock resulting from privacy liability
     
Coverage
  • Technology and Internet Errors and Omissions Liability:
    • Covers acts, errors or omissions in the provision of technology services or the sale of technology products
  • Electronic Media Activities Liability:
    • Covers infringement of copyright or trademark, invasion of privacy, libel, slander, plagiarism, or negligence arising out of the electronic publishing, dissemination, releasing, gathering, transmission, production, webcasting, or other distribution of electronic content on the Internet
  • Network Security Liability:
    • Covers liability of the organization arising out of the failure of network security, including unauthorized access or unauthorized use of corporate systems, a denial of service attack, or transmission of malicious code
    • Provides coverage for regulatory proceedings brought by a government agency alleging the violation of any state, federal, or foreign identity theft or privacy protection legislation
  • Privacy Liability:
    • Covers loss arising out of the organization’s failure to protect sensitive personal or corporate information in any format
  • Data Breach Fund:
    • Covers expenses to retain a computer forensics firm to determine the scope of a breach, to comply with privacy regulations, to notify and provide credit monitoring services to affected individuals, and to obtain legal, public relations or crisis management services to restore the company’s reputation
  • Network Extortion Threat:
    • Covers extortion monies and associated expenses arising out of a criminal threat to release sensitive information or bring down a network.
  • Miscellaneous Professional Services Liability:
    • Covers acts, errors or omissions in the provision of services beyond technology services.
       
Minimums

Minimum premium is $5,000

Client Profile
  • General technology services
  • Consultants/integrators of hardware, software and systems architecture
  • Application service providers
  • Data processors
  • Software developers
     
Forms / Applications

Chubb DigiTech Declaration and Policy Specimen

DigiTech Application_PF2011b

Renewal Application EO Digital Technology

Cloud Service Provider Supplemental Application _PF37878

Chubb in Bermuda is regulated by the Bermuda Monetary Authority. It is not licensed in the U.S. as an admitted insured nor is it an eligible excess and surplus lines insurer. Chubb Bermuda’s insurance products are available through non US-based brokers only.