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Binder Coverage Explanations Binder Page 34 of 48 Data Breach Expenses Coverage Every day,it seems another security breach makes headline news.Although large companies are often highlighted,small to medium-sized companies are also at risk, and it does not take a hacking incident to have a breach.Something as simple as a lost laptop or an erroneously distributed email can trigger the need to comply with state or federal regulations concerning notification due to the potential release of data.And if you have a breach the fallout can be far-reaching and costly.Standard recovery procedures can include a time-consuming process of investigating the incident,hiring counsel to be sure you’re complying with state and federal laws,notifying customers,offering credit monitoring services,and potentially being sued and held liable for identity theft. We offer data breach protection as an optional coverage enhancement to General Liability Choice.General Liability Choice Data Breach coverage is available on a claims-made basis and consists of: Data Breach Expenses, which cover your costs for: Notification Expense to notify a person whose Personally Identifiable Information (PII)was breached;overtime wages of employees and the cost to hire other people or organizations to assist with the notification process;and development, preparation, production, and distribution costs of printed matter used in the notification process Fees and costs incurred to use professional crisis management law,public relations,or media relations firms to mitigate negative publicity in the wake of a data breach Monitoring services to provide victims with credit, fraud, public records and other alerts for up to one year Good faith advertising services for radio,television,Internet,or print media responses to mitigate negative publicity and restore your public image in the wake of a data breach Legal services to verify compliance with statutes and regulations regarding the form,content,and method of notification when a breach occurs Forensic (information technology)services to determine the nature and extent of the data breach and what type of PII may have been accessed A per claim deductible applies to this first party expense coverage: Hartford Cyber Center – As a Hartford insured, you will have access to our proprietary cyber portal: Tips and resources to help minimize the chance for a breach and safeguard PII ·Access to state data breach laws ·Risk management tools,including self-assessments,best practice guides,templates,sample incident response plans, and data breach cost calculators ·White papers, blogs and webinars from leading privacy and security practitioners ·Up-to-date cyber-related news and events,including examples of privacy and security related events Information on how to create a data breach incident response plan ·Access to a panel of third party incident response service providers and data breach experts who, for a fee*, will: ·Provide pre-incident services to help protect your business before a cyber-threat occurs ·Assist you with an incident response plan in the event of a breach or help you determine if a breach has occurred and its severity * Depending on the coverage you purchased, such fees may be paid by us upto the applicable limit. Employee Benefits Liability Provides coverage for employee claims stemming from negligent administration of your company’s employee benefits program. Docusign Envelope ID: 8B1A83C1-5D3E-8229-81C5-784070B121B4