There are many markets offering monoline first party policies, and even more offering first party coverage as part of a combo policy covering both first and third party exposures.
These policies cover many non-physical and some physical causes of loss, provide extra expense and business interruption coverage, and other bells and whistles. Perils and coverages vary widely. A quick run-down of possibilities:
Perils covered include:
- Computer virus
- Unauthorized access
- Employee mistake or tampering
- Internal/External hack attacks
- Denial of service attacks (such as flooding bandwidth)
- Loss to customers or vendors that impacts your client's business
- Cyber-extortion
- Natural disaster
- Power surge
- Theft/physical damage
Types of loss covered:
- Business interruption
- Extra expense
- Forensic expense
- Data recovery cost
- Public relations cost
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