Cyber/Data Breach Insurance provides coverage to help pay the costs of notification. Michigan and 46 other states have ‘Notification Laws‘ in the event of a breach. Rectification of a breach is going to cost you money. Data information covered by the law: Personal information of Michigan residents. Go to our ‘Risk Management’ section to find out what is required under Michigan law, or click HERE.
Cyber/Data Breach Insurers estimate the cost of each compromised record is over $200. First party insuring agreements typically cover crisis management event expense, security breach remediation and notification expense, computer fraud, business interruption, funds transfer fraud, computer program and electronic data restoration expenses. Please contact our office if you would like further insurance information.