Here in Littleton Colorado, your small business is at risk for data breach and there are ways that your business can insure against this type of lossThe Hartford Insurance has produced an insurance policy for Data Breach and it is affordable.  See below some of the highlights.The high cost of a data breachWith the significant costs associated with a data breach, it’s no wonder that your small and midsize business clients are concerned about the impact that a data breach could have on their business. According to The Ponemon Institute 2013 Global Cost of a Data Breach study, the cost of a data breach went up from $130 to $136 per lost record globally, but averaged $188 for the U.S. The total cost per data breach in theU.S. was $5.4 million, the highest cost of all9 countries surveyed.Our appetite includes qualified small and midsize businesses, seeking to procure policy limits of up to $10 million, including these business classes:• Health Care • e-Commerce• Financial Services • Manufacturing• Retail • Media/AdvertisingRisks outside of our appetite include social networking sites, municipalities, payment processors, and online gaming and/or gambling.With data privacy and network security coverage from The Hartford, your clients are getting more than insurance protection. They now have access to resources that can help reduce the likelihood of a data breach through our partnership with IDentity Theft 911 (IDT911), one of North America’s leading data risk management companies.• Educational information, including data protection tips,breach scenarios, articles and best practices• Notification laws and regulations, so they’re up-to-date onconsumer, regulatory and third-party requirements• Incidence response plan template to help them establishprocedures to minimize the impact of a data breach incidentPre-breach services:• Breach counseling to help determine if a breach hasoccurred and assess the severity of the incident• Notification assistance to help prepare notification lettersthat comply with regulatory requirements• Crisis management & public relations to help restorea business’s reputation• Remediation recommendations for impacted individuals like credit monitoring• Documentation support to record steps taken andremediation services provided in the event they’re suedand need to prove steps were taken to contain the breachHartford Financial ProductsData privacy liability:Helps protect against claims alleging that the insured’s negligence resulted in the:• Breach or violation of a data privacy law whether or not it’s due to the unauthorized access or unauthorized use of computer system – whetherthe computer system is owned or leased and operated by the insured• Improper dissemination of nonpublic personal informationNetwork security liability:Helps protect against claims alleging that the insured’s negligence resulted in the:• Failure to prevent unauthorized access or unauthorized use of a third-party’s computer system• Inability of an authorized third party to gain access to the insured’s services• Transmission of malicious code• Failure to prevent identity theft• Failure to prevent a denial of service to an authorized third partye-Media liability:Helps protect against claims alleging that the insured’s negligence resulted in the:• Wrongful publication, defamation, slander or libel, or other tort related to harm to the reputation or character on an insured’s website or advertising• Infringement of copyright, service mark, trademark or misappropriation of ideas• Misappropriation or misdirection of Internet-based messages or media of third parties on the Internet by the insuredNotification expense and credit monitoring expense:Covers reasonable and necessary expenses incurred to comply with statutory mandates to notify individuals of a loss or theft of nonpublic personal information, but may also include courtesy notifications when not mandated by notification laws.• Definition of data privacy laws now includes U.S. and Canadian laws• Covers costs to provide credit monitoring to those affected by loss of nonpublic personal informationCrisis management expense:Covers expenses incurred for services provided by a public relations firm, law firm or a crisis management firm in order to mitigate potential harm to an insured’s reputation in the event of a data privacy wrongful actData privacy regulatory expense:Coverage for fines and penalties, including certain fines and penalties assessedin connection with a data privacy regulatory proceedingCyber investigation expense:Covers expenses incurred for services provided by a third-party vendor to investigate and determine the source or cause of a data privacy wrongful act or network security wrongful actPrevail with The HartfordFor more than 200 years, The Hartford has focused on the needs of our business customers, giving them the solutions and confidence to prepare, protect and prevail. The Hartford is widely recognized for operational excellence, superior customer service and a history of keeping promises to our customers. Depend on us to help your business guard its data – and reputation.