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Aaron’s Franchisee Privacy & Network Security Program

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Aaron’s Franchisee Insurance Program for Privacy & Network Security Liability

The Network Security and Privacy Policies and Procedures used by the Aaron’s franchisor and Aaron’s franchisees are prequalified through ACE Westchester Professional Risk. Therefore, franchisees can complete a shortened application and are pre-qualified for coverage. Cyber Liability coverage is important when companies are attacked by hackers or viruses, lose data and sustain other breaches related to the electronic storage and transmittal of information. A company’s general liability insurance usually will not cover these types of risks. Therefore, virtually any company utilizing a computer and using the internet should protect themselves with a specific Cyber Liability insurance plan. A company’s risk in this area may vary drastically. As a result, CSRisks will consult with you to provide the level of coverage needed for each individual company.

Coverage Classes

  • Privacy Liability
  • Notification Expenses and Credit Monitoring
  • Data Breach Forensic Analysis
  • Regulatory Proceedings
  • Network Security Liability
  • Crisis Management Expenses
  • Optional – Business Interruption Coverage
  • First Party (coverage for insured’s expenses following a breach)
  • Third Party

Risk Management tools and enhancements

eRisk Hub™ -

  • A web-based loss prevention resource designed to help policyholders manage their cyber risk

Data Breach Team -

  • Access and referral to an independent panel of legal, computer forensic, notification, call center, public relations, crisis communications, fraud consultation, credit monitoring, and identity restoration firms. Pre-negotiated rates from service providers
  • Policyholders have the option to select among multiple vendors within most service categories
  • ACE policyholders are under no obligation to contract for services with the Data Breach Team

Data Breach Coach-

  •  Legal experts from the law firms of Lewis Brisbois and Baker Hostetler
  •  A toll free hotline staffed by legal experts who can provide immediate triage assistance in the event an ACE policyholder suffers a data breach
  • Provides immediate triage, consultative and pre-litigation services to the policyholder in the event of a privacy event
  • Assimilates critical information and resources to develop an appropriate incident response strategy
  • ACE policyholders are entitled to one free hour of consultation in the event of a privacy incident
  • Coverage for Data Breach Coach services is included by endorsement
  •  No retention is applicable to expenses incurred in retaining the services of the Standard Data Breach Coach pursuant to endorsement

Notification and Call Center Team

Credit Monitoring & Restoration Team

Public Relations Response Team

The above is only a program and product summary and the underwriter reserves the right to request additional information and determine if a policy quote can be offered. The product remains subject to ACE Westchester Professional Risk’s underwriting criteria. If a policy is issued please see the policy for actual terms and conditions. Coverage may not be available in all states and surplus lines products are only available through licensed surplus lines brokers.