Cover Agency | Wholesale Insurance | Broker | Agent | Commercial | Insurance | Agency | New York |            New Jersey | Florida | Georgia |  | Connecticut | Illinois | Ohio | Indiana | Utah | BOP | Package | Casualty | Liability | BOPS | Property | Contractor | Artisan | Lessor Risk | Industrial | Vacant Land | Medical Facility |        |Real Estate| Hospitality |Manufacturer | Wholesaler | Chubb |Distributor | Retailer | Food and Beverage | 
Cyber Insurance | Cybersecurity | Cybersecurity Insurance | 

"WELCOME to COVER AGENCY, Ltd.

"Wholesale Multi-State
Insurance Brokers & Surplus Lines Brokers "
We place insurance coverages with many highly rated insurance companies both within the USA and the World,
 on behalf of our Brokers and their Clients.

WHOLESALE CYBER INSURANCE

Introduction To COVER'S:

"CYBER PRIME THREE TIER INSURANCE COVERAGE" PROGRAM

 

"Cyber Prime 3 Tier Insurance is available through Cover Agency's Wholesale Insurance Facilities, entitled as Cover's "Cyber Prime Insurance Program Policy With Endorsements". All applications are  subject to insurance company Underwriting Approval and Policy Issuance by an "A++"  balance sheet, Quality  Insurance Company (Part of the biggest publicly owned insurance  company group in the world.)

Cover Agency Ltd is Focused upon Providing CYBER INSURANCE PROTECTION for ALL THREE ESSENTIAL CLASSES OF CYBER RISK PERILS..  Cyber Insurance is essential to protect not just against the loss of important information (data), but also to PROTECT THE INSURED CLIENT FROM FINANCIAL LOSSES due to  3 CLASSES OF LOSSES:

1. BUSINESS INTERRUPTION (That if not insured against may otherwise drive a company out of business) 2. THEFT OF MONEY IN BANK ACCOUNTS, SECURITIES, UNIQUE SOFTWARE PROGRAMS, OTHER EXISTING ASSETS AGAINST THEFT.  FINANCIAL LOSSES AND PERFORMANCE OF SERVICES REQUIRED BY LAW that are Necessary to Keep the Insured Company in Business from an Operations Viewpoint:

A. "FIRST PARTY INSURANCE":  DIRECT iNSURANCE PROTECTION PROVIDING DIRECT COMPENSATION TO THE INSURED,  FOR FINANCIAL INJURY RESULTING FROM  COVERED CYBER PERILS.

 First Party Insurance Coverages Generally Include:

·         Digital Data Recovery Expenses, Including Costs to Restore or Replace Damaged and Lost Data, Also Damaged or Lost Software;

·         Business Interruption Coverage, including Loss of Profits, and Expenses Resulting from Interruptions of Insured's Systems; Contingent Business Interruption Coverage provides additional protection against Insured's Losses resulting from Interruption of Other Systems; Note that Enhanced Business Interruption may be available too.

·         Network Extortion Insurance Coverage provides for Extortion Payments to Prevent Digital Destruction or Impairment to the Insured's Network;

·         Cyber Incident Response Fund, to Reimburse the Insured for Notification Expenses, Credit Monitoring, Legal Fees, Forensics, Public Relations Expenses, etc.

·         Telephone Toll Fraud: Costs Resulting from Phone Bill Charges, such as Fraudulent Calling.

 

B. THIRD PARTY LIABILITY  INSURANCE PROTECTION PROVIDES;  PROTECTION TO THE INSURED  AGAINST LIABILITY TO THIRD PARTY CLAIMANTS FOR COMPENSATORY DAMAGES RESULTING FROM LIABILITY JUDGMENTS AGAINST THE INSURED FOR COVERED INSURANCE PERILS.

Third Party Protection Includes:

·         Cyber, Privacy and Network Security Liability, including Failure to Protect Private or Confidential Information of Others, and Failure to prevent a Cyber Incident from impacting others’ systems;

·         Note: Broadened definition of Protected Information includes biometrics, internet browsing history and personally identifiable photos and videos;

·         Regulatory Proceedings Expenses: Both Defense Expenses for Regulatory Actions, and Financial Coverage for Fines and Penalties (Which may be quite extensive);

·          Media Liability: Copyright Violations and Trademark infringement within the scope of defined media content (May be quite expensive);

·         Payment Card Loss:  Cyber Incident caused Contractual Liabilities owed;

 

C. CYBER CRIME INSURANCE COVERAGES PROVIDING DIRECTLY TO INSURED  FINANCIAL INDEMNIFICATION AGAINST CYBER CRIME CLASS PERILS. Cyber Crime Insurance is a policy endorsement. (Cyber Crime insurance coverage is a voluntary coverage, requested by the applicant).

·         Computer Fraud: Third party accessing insured’s computers to wrongfully take money

·         Funds Transfer Fraud: Third party  wrongfully tricking a bank into transferring funds from insured’s account(s)

·         Social Engineering Fraud: Third party tricking an employee into wrongfully transferring money

Important Notes for retail brokers and insurance clients: (i) Coverage Territory applicable to anywhere in the world, or even the universe, to address continued evolution of hosting and data storage facilities. (ii) The information contained herein are general cyber insurance product summaries only. Insurance Coverage is subject to the language of the policies as actually issued. Please read your insurance policies to verify the coverage content. (iii) Cover Agency is focused upon providing on a wholesale basis industry leading insurance coverage that will comply with regulatory and other legal cyber security standards, as the industry evolves. However, we do not provide legal advice, nor legal interpretation of insurance policy language. It is the insured's responsibility to read their insurance policy and to obtain legal explanations of policy language from their own counsel.

Additional Information - See Links on Cyber Page For Detailed Information or Contact Priscilla Li, Vice President:

Office: 718-591-2400

After Hours Cell: 347-551-0800

Email: pli.coveragency@gmail.com