Cyber Suite Coverage | eRisk Hub
Purpose
Accurate building and contents valuation is critical for maintaining adequate coverage of district assets. All too often, district property values are a combination of in-house estimates with inadequate documentation of improvements or additions over the years. Rising construction costs combined with an outdated property valuation can create unacceptable exposure to the fund balance in the event of a major property claim.
PCAT provides annual property valuations to confirm the district buildings and contents are properly valued at replacement cost.
Coverages
Loss Expense Coverage
Protection against expenses the Insured incurs directly (i.e. 1st Party) in connection with a Privacy Incident or Network Security Incident. Examples of covered expenses include: forensics, notification, identity monitoring, breach coaching, data restoration, extortion costs, and business interruption loss.
Liability Expense Coverage
Protects against the Insured’s liability to others (i.e. 3rd Party) in connection with a Private Incident, Network Security Incident, or Media Incident. Examples of covered expenses include: Defense Expense, damages, pre-judgement interests, judgments, post judgment interests, settlements, PCI assessments, and consumer redress funds.
Resources - eRisk Hub
PCAT Members have access to a data compromise portal. eRisk hub will help Members understand their information exposures, and initiate an incident response plan to manage the costs and minimize the effects of a data breach.
Key features of the portal include:
Incident Response Plan Checklist – suggested steps schools can take following a data breach incident. Having an incident response plan prepared in advance of a breach can be useful for defense of potential litigation.
Online Training Modules – ready-to-use training for schools on privacy best practices and Red Flag Rules.
Risk Management Tools – assist schools in managing their data breach exposures including self-assessments and state breach notification laws.
Learning Center – best practices and white papers written by leading authorities.