NO RETROACTIVE DATE
No retroactive date means that you are covered from the time your business has operated, NOT the date the policy started. This is important because most security breaches are discovered weeks, months, and even years before insurance is in place.
FULL FIRST PARTY EXPENSE COVERED
These first party expenses include Breach Notification Costs, Indemnification Costs, Reputation Damage, Damage to Firm Hardware, Business Interruption, Fines and Penalties, and Legal and Court costs.
THIRD PARTY DAMAGE
If your firm’s data breach affects your clients, all expenses are covered. Additionally, if a data breach caused by your firm affects the customers of your clients, you are covered. This is important because most clients will require you to sign an Indemnification Agreement that holds them harmless in an event of a breach caused by your firm. Cyber insurance will cover these costs. Whereas most policies will only cover breach notification costs for the insured’s firm, ECBM’s policy covers your clients’ notification costs as well.
NO ENCRYPTION EXCLUSION
Most cyber insurance policies will exclude coverage if a breach occurred on an unencrypted device. This is important because most devices are unencrypted. Our policy does not include this exclusion.
REGULATORY FINES AND PENALTIES COVERED
ECBM'S 40 YEARS OF EXPERTISE
ECBM Insurance Brokers office of 90+ employees is located in Philadelphia. Family-owned and operated, ECBM differentiates itself from large, impersonal brokers by focusing on the client first. Not only do we have access to a vast market of carriers to ensure we get the best possible pricing, we have an on-site Claims Management division that provides guidance for our clients and also acts as their advocate in the event of a claim. Whereas other brokers have stopped advising clients on the appropriate amount of coverage, ECBM prides itself on maintaining the role of consultant first and salesman second. For more information, please see our ABOUT US page.
The Knox Corps is a Cyber Security firm specializing in delivering Information Security and Compliance to firms in “all” regulated industries, thus reducing risk and avoidance of regulatory fines. Some of Knox’s flagship services are the multi industry Risk Assessment and their highly rated Advisory Chief Security Officer service.