Breach Insurance
Be prepared in case the worst happens.
Protect your business with a $100,000 breach policy to cover expenses like forensic exams, fines, and hardware upgrades in case the worst happens.
Almost 60% of small businesses close within 6 months of an attack¹. And with 60% of all online attacks targeting small or medium-sized business², you need to have your guard up.
While not all breaches can be prevented, the damage they cause can be—that's what Breach Insurance is for. It guards you against the worst effects of a data breach, ensuring that your business can continue to thrive no matter what is thrown your way.
Breach Insurance is available for Level 2-4 merchants, regardless of the merchant's PCI compliance status, provided the merchant account has not already suffered a data compromise.
Subject to its terms, conditions and exclusions, this Policy applies to a data security event occurring, and security event expenses and post event expenses incurred, anywhere in the world.
It's simple. In the event of the breach, you'll file a claim and be put in contact with breach experts who will help you assess the damage and determine the next steps.
Depending on your situation, that may include conducting a forensic exam, notifying customers, replacing compromised cards, upgrading hardware and software, and paying out any necessary fines or compensation.
Breach Insurance costs $49 per year or $9 per month.
Insurance is provided by North American Data Security Risk Purchasing Group and you can find additional frequently asked questions on their site.
* Insurance provided by North American Data Security Risk Purchasing Group. Breach Insurance is provided by TrustedSite for McAfee SECURE certified sites. TrustedSite, operators of the McAfee SECURE service, has the sole role of facilitating access to the Program by providing MID reporting and payment services for customers in connection with provision of this and other services. McAfee, LLC takes no responsibility for the coverage. See Sample Policy