FLIP CYBER LIABILITY INSURANCE
$99 / year
In today’s world, cyber crime is an unfortunate threat your business cannot afford to ignore. As a food service business, you collect and store valuable information every day—tax records, bank statements, even customer credit card information—that cyber criminals would love to get their hands on.
Without cyber liability insurance, if the data you store were ever lost or stolen because of cyber crime, it could cost your business thousands—even tens of thousands—of dollars to restore or replace. Not only that, if your customer information were ever compromised, your business could face third-party claims that could financially cripple your business.
With FLIP’s cyber liability insurance, you can create a financial safety net that can cover costs should your business ever fall victim to cyber crime. For just $99 a year, you can add a cyber liability policy to your existing coverage and gain the peace of mind that comes from having the protection you need when you need it most.
Follow the instructions below to add a cyber liability policy into your existing FLIP coverage and get the protection your business needs today!
HOW TO ADD CYBER LIABILITY
On fliprogram.com, under the button labelled “My Account,” click on “User Dashboard” and sign into your FLIP user account
On the User Dashboard page, scroll down to the “Manage Policies” section and click on the “Change Policy Options” button
Scroll down to the section titled “Cyber Coverage Options” and click on the “$100,000 cyber coverage” option.
Scroll to the bottom of the page and select “Purchase policy”
Cyber Liability Coverage Limits
|Policy Limit of Insurance per enrollee||$100,000|
|Aggregate Claims-Made Liability Coverages Limit of Insurance||$100,000|
|Each Enterprise Security Event Claim Limit of Insurance||$100,000|
|E-Theft* Coverage Limit of Insurance||$50,000|
Aggregate First Party Coverages Limit of Insurance
|Aggregate First Party Coverages Limit of Insurance||$100,000|
|Crisis Management Expense Limit of Insurance||$100,000|
|Fraud Response Expense Limit of Insurance||$100,000|
|Public Relations Expense Limit of Insurance Limit of Insurance||$100,000|
|Forensic and Legal Expense Limit of Insurance||$50,000|
|Extortion Loss Limit of Insurance||$10,000|
Schedule of PCI-DSS Fines Coverage
|Each PCI-DSS Claim||$100,000|
|Ransomware Loss Limit of Insurance||$10,000|
|Social Engineering Fraud Loss Limit of Insurance||$10,000|
|Telecommunications Theft Loss Limit of Insurance||$10,000|
|Forensic and Legal Limit of Insurance||$50,000|
*E-Theft is a sub-limit that provides coverage for ACH and Wire Fraud if criminals committed such fraud by gaining access to your computer system(s)
What is Cyber Liability Insurance?
FLIP’s cyber liability insurance provides first- and third-party coverage for food service businesses. Should you ever fall victim to cyber crime, you could receive up to $100,000 coverage to restore or replace your lost data, pay ransomware demands, or cover legal costs that result from a cyber security breach.
Am I at risk from Cyber Crime?
If your business collects or stores data electronically—be it tax records, sales projections, or any kind of customer information—then you are at risk from cyber crime.
Cyber liability insurance can protect you from covering hefty costs out of pocket should your business information be lost, stolen, or otherwise compromised as a result of cyber crime.
What does Cyber Liability cover?
FLIP’s cyber liability insurance can cover both first- and third-party costs that your business incurs as a result of falling victim to cyber crime. First-party coverage can pay for expenses that directly result from the cyber security breach, such as the cost of restoring or replacing your data.
Third-party coverage can pay for expenses that arise as a result of insurance claims against your company, like the cost of legal assistance should a disgruntled customer sue you as a result of his information being stolen.