Page 12 - Newsletter
P. 12
Cyber Insurance Claims - What Happens When a Breach Occurs?
Cyber claims are on the rise, therefore, it is important to know what happens should a data breach occur.
As your agent, it is our job
to work with you and the
insurance company to ensure
the claim is properly handled.
Knowing both who to call and what to gather will assist a claim ling.
The breach-response cycle
A cyber claim is triggered by the , loss, or unauthorized disclosure of data. Because of the complexity of a cyber claim, it is cri cal to no fy the agency where we can determine and discuss coverage issues.
A er the claim is led, an inves ga on is ini ated. Forensic and legal analyses are conducted,
the scope and complexity of the breach is determined, and the value of the poten al loss is calculated.
Every state is di erent in its breach no ca ons, so we will let you know what you need to do to no fy your clients, vendors, and employees.
