CyberCare Liability and Privacy Insurance
Internet provides more business opportunities to most small and medium enterprises (“SMEs”). At the same time, just a click to a spam, an unwitting online post or the loss of laptop may lead to financial loss, extra expenses and even legal responsibilities.
While no security system is infallible, CyberCare Liability and Privacy Insurance safeguards your business and provides you with peace of mind by transferring part of the risk.
| ‧Multiple legal liability coverage covering security and privacy liability and internet media liability of up to HKD 4,000,000 |
| ‧Contingency coverage covering privacy breach and digital asset replacement costs to protect and reduce loss followed by an insured event |
| ‧Cashless settlement for data recovery by local expert |
| ‧Flexibility to extend your protection to cover cyber extortion threat and reward payment |
| ‧24×7 centralized post loss incident hotline |
| ‧Hassle-free and simplified application process with just a few “Yes/No” questions |
| Plan 1 | Plan 2 | |
| Coverage | Maximum sub limit* | |
| Legal liability | ||
| Security and privacy liability • Cost of litigation • Compensation and regulatory proceeding incurred by unauthorized disclosure, loss or theft of personal or corporate information |
$2,000,000 | $4,000,000 |
| Internet media liability •Cost of litigation and compensation incurred by electronic publishing wrongful act such as plagiarism, disparagement or false advertising |
$400,000 | $800,000 |
| Extra expenses | ||
| Privacy breach costs •Reimbursement of costs including accountant, legal advisor, public relations consultant or other third parties representation expenses incurred by unauthorized disclosure, loss or theft of personal or corporate information |
$400,000 | $800,000 |
| Digital asset replacement costs** •Reimbursement of costs for replacing, restoring or recollecting digital assets incurred by a security event (e.g. introduction of malicious code or denial of service attack) |
$200,000 | $400,000 |
| Optional protection | |
| Cyber extortion •Any extortion expenses and extortion payments that directly result from and in response to a cyber extortion threat |
$10,000 or $20,000 |
*HKD 20,000 deductible per occurrence of event.
**Customers could enjoy cashless settlement for data recovery provided by insurance company appointed solution provider with deductible waived.
| Annual premium (HKD) | ||
| Plan 1 (Maximum limit HKD2,000,000) |
Plan 2 (Maximum limit HKD4,000,000) |
|
| Company with annual total income below HKD 10,000,000 | $5,000 | $7,000 |
| Company with annual total income HKD 10,000,000 – HKD 14,999,999 | $8,000 | $12,500 |
| Company with annual total income HKD 15,000,000 – HKD 19,999,999 | $11,000 | $18,000 |
| Company with annual total income HKD 20,000,000 – HKD 50,000,000 | $19,000 | $30,000 |
| Optional protection– cyber extortion | |
| Maximum limit (HKD) | Annual premium (HKD) |
| $10,000 | $750 |
| $20,000 | $1,500 |