Clements’ Cyber Liability insurance coverage protects commercial and non-profit organizations of all sizes to help cover the costs of regulatory compliance, data recovery, and reputation support.  Our experienced team also understands the regulations faced by organizations operating in multiple countries and can offer cyber liability as part of a customized suite of management liability protections or as a standalone policy.

Comprehensive Protection of Your Online Assets - Clements’ Cyber Liability insurance protects against not only monetary damage from stolen or lost data but covers all major areas of liability associated with data breaches.

• The cost of breach notifications required domestically and internationally and regulatory responses  
• Technical or legal services for responding to government inquiries regarding the cyber-attack  
• Forensic analysis and fees to determine the nature and extent of the breach  
• Crisis management including the cost of public relations campaigns  

• Added Privacy Regulation Liability coverage to base policy coverages.
• Definition of Enterprise Security Event broadened to include violations of disclosure obligations under Privacy Regulations and also failure to comply with the Insured's own privacy policy concerning use, access, and protection of Protected Personal Information.
• Definition of Enterprise Security Event broadened to include any loss, theft or misappropriation of data provided the Insured or its Service Contractor had care, custody and control over the data.
• Broader definition of malicious code to include code inserted to “access” network and data.
• Deleted exclusion for electrical or mechanical failure and utility outages or interruptions as respects Technology Services Liability coverage.
• Deleted exclusion for delay in rendering services or completing projects.
• Punitive damages covered if Named Insured reasonably determines that applicable law permits such coverage. This provision is not available in all states. Additional Insured coverage automatically included for vicarious liability if required by contract.
• New Mergers and Acquisitions and New and Former Entities conditions replace former “Changes in Insured Operations” condition.
• Broadened definition of application to allow acceptance of all materials submitted to AXIS PRO for underwriting purposes, where allowed by law.
• Fraudulent conduct exclusion establishes that only the acts of a director, officer, or partner of the Insured Entity will be imputed to the entity itself, and also that each insured individual’s knowledge is severable from all other insured individuals.
• New definition for "Insured Entity" includes Named Insured & Subsidiaries, eliminating the need to add Subsidiaries as Named Insureds.
• Improved definition of Wrongful Act distinguishes between content-based perils and acts, errors or omissions comprising negligence and personal injury.
• Updated definitions of Technology Services, Technology Products, Internet Media Services.
• Each Claim Limit of Insurance and Retentions established (instead of Each Wrongful Act as in 2010 policy form).