Insurance solutions by Rutledge and associates

Is a term which has evolved much in the last twenty years. As the digital world as taken over our world, documents have gone from being housed on paper in a single location to being housed within a series of networks. By June of 2014, 9,015,970 personal records were exposed during 342 breaches associated in 2014 alone. Cyber security can no longer afford to be overlooked.

Cyber liability insurance is designed to cover consumers of technology services or products. The policies cover a variety of both liability and property losses that may arise when a business engages in various electronic activities, such as selling products or services on the Internet or collecting data within its internal electronic network.

Most notably, cyber and privacy policies cover business liability for data breaches in which the firm's customers' personal information, such as Social Security or credit card numbers, are exposed and/or stolen by a hackers or other criminals who have illegally hacked into the business' network. Tennessee statutes require that when a data breach occurs that the business must incur the costs of notifying each consumer to the data breach and the information which is subject to the aforementioned breach.


Policies can cover the expenses associated with data breaches, such as: investigations, the remediation, legal costs, credit monitoring, notification costs, fines and penalties, costs to defend claims by state regulators, and loss resulting from identity theft. In addition, policies can cover liability arising from website media content from: (a) business interruption, (b) data loss/destruction, (c) computer fraud, (d) funds transfer loss, and (e) cyber extortion.




Cyber and privacy insurance is often confused with technology errors and omissions (tech E&O) insurance. In contrast to cyber and privacy insurance, tech E&O coverage is intended to protect providers of technology products and services, such as computer software and hardware manufacturers, website designers, and firms that store corporate data on an off-site basis. Nevertheless, tech E&O insurance policies do contain a number of the same insuring agreements as cyber and privacy policies. We do offer E&O coverage, but as a separate policy.
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​Cyber Liability