Summary

$100,000 limit per claim and in the aggregate for each of the following coverages:

• Multimedia Liability

  Coverage for claims alleging liability resulting from the dissemination of online or offline media material, including claims alleging copyright/trademark infringement, libel/slander, plagiarism, or personal injury.

• Security & Privacy Liability

  Coverage for claims alleging liability resulting from a security breach or privacy breach, including claims alleging failure to safeguard personal information.

• Privacy Regulatory Defense & Penalties

  Coverage for regulatory fines and penalties and regulatory compensatory awards incurred in privacy regulatory proceedings/investigations brought by federal, state, local, or foreign governmental agencies.

• PCI DSS Liability

  Coverage for assessments, fines, or penalties imposed by banks or credit card companies due to non-compliance with the Payment Card Industry Data Security Standard (PCI DSS) or payment card company rules.

• BrandGuard®

  Coverage for net profit incurred as a direct result of an adverse media report or breach notification following a security breach or privacy breach.

  A 2-week waiting period applies.

• Cyber Extortion

  Coverage for extortion expenses incurred and extortion monies paid as a direct result of a credible cyber extortion threat, including ransomware.

• Breach Event Costs

  Coverage for reasonable and necessary mitigation costs and expenses incurred as a result of a privacy breach, security breach or adverse media report, such as legal expenses, proactive and reactive public relations expenses, IT forensic expenses, breach notification costs (including voluntary notification costs), and the cost to set up call centers and provide credit monitoring and identity theft assistance.

  The Breach Event Costs Limit is in addition to, and will not reduce, the $100,000 Annual Aggregate Limit of Liability.

• System Failure

  Coverage for (1) reasonable and necessary amounts incurred to recover and/or replace electronic data that is compromised, damaged, lost, erased, corrupted or stolen and (2) business income loss and interruption expenses incurred due to an unplanned outage, interruption, failure, suspension, or degradation of service of an insured computer system, including any such incident caused by a hacking attack.) An 8-hour waiting period applies to Business Interruption coverage.

• Dependent System Failure

  Covers income loss and interruption expenses incurred in the event that the computer system of an IT service provider or business process outsourcing provider goes down. A 12-hour waiting period applies to Business Interruption coverage.

If you wish to join the association without purchasing this insurance, please call 855-406-5527.

_{The coverages listed above are limited to $100,000 per claim and in the aggregate. ERO cyber security insurance has a maximum annual aggregate limit of $200,000.}