To Our Customers Impacted By The Recent Storms
We hope you and your family are safe. If you have been affected by one of the recent hurricanes or tropical storms and need to make an insurance claim, please call 1-800-362-7535 or click here to file your claim online.

Data breach and wire fraud protection

for investment advisors

Wire fraud protection coverage
Fidelity coverage

  • Reimburses the named insured for:
    •  Loss due to the fraudulent transfer of client's funds because of fraudulent email from a person acting as your client
Data breach and privacy liability
Liability coverage
  • Claims made a reported (with a 60 days reporting window)
  • Coverage for liability arising from Unauthorized Access or Potential Unauthorized Access of the Named Insured’s Electronic Communications System (“ECS”),    including compromise of private or confidential information.
  • Broad definition of unauthorized access includes:
    • Breach of the named insured’s security measures, systems or procedures.
    • Inadvertent transmission of fraudulent or destructive instructions or code, including viruses and malicious code.
    • Use of the named insured’s ECS to launch a denial of service attack.
    • An extortion demand or credible threat of attack.
    • Theft or loss of paper records.
  • Coverage afforded on a pay on behalf of basis with the insurer having the duty to defend, including defense up to the limit of liability, of charges or    administrative proceedings brought by a governmental agency.
  • Coverage sub-limit dedicated to regulatory fines and  penalties.
  • Coverage afforded for unauthorized access by employees and other authorized users.
Data breach loss to insured
Occurrence coverage
  • Indemnification for first party losses by the named insured arising from unauthorized access of the named insured’s ECS.
  • Loss includes:
    • Forensic expense and reasonable expense incurred by the named insured to restore the named insured’s ECS.
    • Extra expense incurred by the named  insured to continue to conduct business while the named insured’s
      ECS is being restored.
    • Loss of money, securities, bonds or other similar financial instruments with monetary value, when
      misappropriated by a third party.
    • Payment of an extortion demand
Breach mitigation expense coverage
Extra expense coverage
  • Reimburses the named insured for costs incurred for:
    • The services of a public relations professional, or other publicity expenses that are recommended by a public relations professional to respond to adverse publicity in the media, that is the result of an unintentional data compromise.
      • Expenses that are incurred to comply with a security breach notice law and that are the result of an unintentional data compromise.
      • Voluntarily providing credit monitoring services for individuals affected by an unintentional data compromise.
    • Extends to private data entrusted to a third party.
    • Not subject to a deductible and not part of the policy limits of liability. Higher limits available by endorsement.

Media liability coverage
Liability coverage

  • Claims made and reported (within 60 day reporting window).
    •     Coverage for liability which arises from the content on the named insured’s website or intranet.
    •     Electronic media injury includes:
    • Libel, slander, defamation or other forms of disparagement.
    • Invasion of privacy.
    • Copyright infringement.
    • Plagiarism or misappropriation of ideas.
    • Infliction of emotional distress, mental anguish and malicious prosecution.

*Coverage is subject to conditions and exclusions described in the policy. For complete terms and conditions, refer to the policy itself.