A recent study estimated that a single data breach, on average, costs a U.S. business nearly $6 million dollars in first party losses and third party liability. With new reports of cyber attacks on a seemingly daily basis and the diversity of business risks exponentially evolving – from property damage claims to business interruption and director and officers exposures – cyber risk has quickly become a mainstay of corporate risk transfer strategy for all industries. SDV works with corporate, non-profit, and public sector clients and brokers to assess an organization’s cyber-related risk by proactively reviewing and assessing coverage under traditional and cyber specific insurance policies to identify potential coverage gaps. In the event of a loss, SDV’s experienced litigation team will step in to assess and maximize recovery under the policy.
First Party Losses
Third Party Liability