The Hartford Financial Services Group, Inc. (HIG – Free Report) has recently launched an admitted cyber liability product named, CyberChoice First Response to address the cyberattacks suffered by the businesses. This initiative comes with an objective to lower the damages caused to the company’s profitability and reputations due to a spate of cyberattacks.
The New Offering
CyberChoice First Response helps businesses combat cyberattack challenges like data privacy and network security, media, ransomware and business interruption with complete opportunity of customization. The product would also enable the company to track down and respond to cyber threats.
Provision of coverage for pre-claim expenses, recognition of internal expenses incurred due to a breach, 24/7 cyber incident hotline assistance, protection against system failure and administrative error are some of the major features of the product. CyberChoice First Response would also offer coverage, related to a regulatory inquiry plus regulatory fines and defense as well as expenses incurred on a regulatory proceeding.
The new product provides business owners with vital access to a guidance panel of…
