CyberSelect is a new cyber liability and data breach response insurance policy launched by Beecher Carlson that offers the most comprehensive coverage available on the market. It eliminates the need for insurer consent before hiring experts in response to a breach. The policy fully covers regulatory fines and card reissuance costs, as well as business interruption and extra expenses. Coverage is also provided for third party vendor incidents and media liability, and professional liability can be added. Limits of up to $50 million are available primarily.

1. CYBERSELECT
CyberSelect, a new policy designed to offer
you the most comprehensive coverage
available in the market.
Data breaches have become more and more prevalent.
Given the press surrounding the size of such instances
(the number of files breached and people affected),
companies have begun to realize the resulting costs can
be staggering. Companies should not have to worry
about whether their policy fully or partially responds, it
should be comprehensive, complete and not riddled
with sub-limits.
Beecher Carlson is pleased to announce the launch of its
proprietary Cyber Liability and Data Breach Response
policy – CyberSelect. The policy is designed to offer
the most comprehensive coverage available in the
market and offers many enhancements not typically
available, such as:
• Eliminates the need to gain consent from the Insurer
to hire legal experts, forensic accountants and public
relations consultants allowing a rapid response to a
data breach.
• Provides full policy limits for costs arising out of any
regulatory investigation by any regulatory authority or
the Payment Card Industry Security Standards Council
including card company fines, penalties and
assessments, as well as credit card reissuance costs.
• Includes Business Interruption and Extra Expense at
full policy limits and extends coverage for
“contingent” business interruption and extra expense
to the insured as a result of acts of third party
vendors.
• Includes Media Liability coverage for all publications,
including false advertising through electronic or
written means.
• The ability to add professional liability to the coverage.
• Primary limits available up to $50 million.
beechercarlson.com | 646.358.8500
John Kerns | 646.358.8503
Robert O’Shea | 646.358.8513