Y-Risk Enhances Cyber Coverage with GDPR Endorsement

UNIONVILLE, Conn., Nov. 8, 2018 /PRNewswire/ — Y-Risk, LLC, a specialty underwriting management company, introduces expanded cyber coverage for liability risks and costs related to the European Union’s (EU) recent enactment of the General Data Protection Regulation (GDPR), a law that imposes strict new rules on controlling and processing of personal data.

Y-Risk is now offering its GDPR Coverage Enhancement Endorsement, providing expanded coverage for liability risks, both regulatory and private actions, arising out of the rules and obligations of GDPR. The expanded coverage goes above and beyond GDPR’s data breach elements and responds to GDPR rules and enforcement around the improper access, use, storage, handling, and disclosure of data.

“The conversation about insurance coverage and GDPR has been largely focused on the regulatory fines and penalties,” said Wendy Dowd, head of Y-Risk’s Cyber and Technology group. “We went beyond the regulatory risk to include the liabilities associated with private rights of action by data subjects for violations of GDPR. Not just for claims involving unauthorized access or data breaches, but more broadly including…

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