To help protect local businesses against the growing peril of data breaches and cyber attacks, First Insurance Company of Hawaii, Ltd. (FICOH) has introduced a cyber liability insurance product and bundle of services for the small business commercial market.
Available coverages with the FICOH cyber liability product include:
- Liability following a breach
- Regulatory fines and penalties
- Payment card industry fines and costs
- Defense within policy limits
- Coverage limits of up to $500,000
In addition to insurance coverage, the product comes with accompanying services including:
- Expert claims handling
- A breach response service, including rapid forensic investigation and legal guidance
- A website with loss prevention resources
“Seventy one percent of data breaches target small businesses,” says Jeff Shonka, FICOH President and CEO. “With our new cyber liability policy, we can help protect Hawaii’s small businesses against a very real threat.”
To learn more about FICOH’s cyber liability product for commercial customers, contact your independent insurance agent or find an agent here.
About First Insurance Company of Hawaii
Founded on August 11, 1911, First Insurance Company of Hawaii, Ltd. is the oldest and largest property and casualty insurer domiciled in Hawaii, with assets of $666.1 million, liabilities of $380.0 million, and policyholders’ surplus of $286.1 million as of September 30, 2017.
First Insurance, a member of the Tokio Marine North America (TMNA) group of companies, enjoys an “A+” rating from A.M. Best Co. and has been named to the Ward’s 50 list of top-performing property and casualty insurance companies for nine consecutive years.
First Insurance was honored to be named an Outstanding Corporation in 2016 by the Association of Fundraising Professionals (AFP) Aloha Chapter.Proud of its broadly experienced, service-oriented staff, First Insurance employs more than 300 insurance professionals and distributes its products through 28 independent general agencies.
Follow First Insurance on Twitter (@FirstInsHI), Facebook (www.facebook.com/FirstInsHI), and Instagram (@FirstInsHI).