Your customers generally understand many of the operational risks associated with their business. They recognize the liability tied to the products or services they provide; they also understand the need to provide the required Workers Compensation coverage for their employees. There is, however, an often-underestimated exposure created by the personally identifiable information that today’s businesses collect and store, and the ever increasing and evolving use of technology in their business operations. What is the impact that a data breach might have on their business? What steps are necessary in reaction to such an event and how much will that cost? If the reputation of the business is compromised could that result in a loss of customers? Is there a way to mitigate these losses? How do we convince our clients that this exposure is real and applicable to their business?

Join us as we discuss these issues and look at some Hartford Spectrum solutions for small commercial accounts. 

Topics include:
• Discussion of Cyber Liability vocabulary and exposures – an overview of what the exposures are, which businesses have the exposures, what the aftermath of a breach event involves
• Learn how most data breach events occur and the laws that apply after a data breach has been discovered
• Learning to use a couple of Hartford Specific tools to bridge the gap between a customer’s perception of risk, and the reality of potential loss
• An Explanation of First-Party coverages and Third-Party coverages found in most Data Breach insurance policies
• Discussion of key coverages included in The Hartford’s Data Breach Coverage for Spectrum