Cyber Liability Insurance For Utilities
Hackers try 24/7 to gain access to utility networks through SCADA, metering, and other utility systems as well as vendors’ systems connected to the utility networks. Along with searching for ways to disrupt operations, these cyber criminals target the financial and social security data of utility customers and employees.
Because no technology solution can offer 100% protection against an intrusion, insurance policies secured by Marsh USA mitigate the utility’s financial and reputational risks.
Marsh USA provides cyber liability insurance services as part of the Hometown Connections Cybersecurity Program.
Our Partner for Cyber Liability Insurance
Benefits
The benefits of the cyber insurance program for community-owned utilities include:
Protecting the utility from the potentially enormous financial and reputational risk of a data breach or system disruption through post cyber breach services.
- Claims Process Management
- Legal Services
- Computer Forensic Services
- Notification/Call Center Services
- Fraud Resolution Services
- Public Relations and Crisis Management Services
Quick and easy application process via a single-page form, and savings through negotiated group rates and terms
- $0 deductible available for entities with <$100m in revenues
- Purchase organized by joint action agency or state association
- Bundling cyber policies brokered by Marsh USA with the monitoring and vulnerability assessment services of Hometown’s cybersecurity partner AESI, US, Inc.
Features
The Cyber Liability & Privacy Insurance Program for community-owned utilities covers liabilities and expenses in unique and innovative ways.
- Liability from a data breach in which customers’ or employees’/retirees personal information [e.g., Social Security, Medical Information or credit card numbers] are exposed or stolen
- Expenses associated with a data breach including notification costs, credit monitoring, and legal costs
- Costs associated with Regulatory Fines & Penalties (HIPPA, NERC, FERC, Payment Cards, etc.)
- Liability arising from erroneous website media content, as well as costs associated with data recovery, computer fraud, funds transfer loss, and cyber extortion
- Emergency access to professional services to handle data breach crisis management and limit reputational harm
- Free Cyber Risk Evaluation and Report
- 24/7 Cyber Incident Triage Hotline
Loss Estimate Calculator
Marsh has developed a proprietary loss estimate calculator exclusively for members of the American Public Power Association. Marsh can input into its predictive model utility revenue and number of customers to estimate the cost of both a data breach (including ransomware) and business interruption loss following a cyber-attack.
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