Illinois Data Breach Insurance
(Quotes, Cost & Coverage)

Need Commercial Insurance?

Request A Quote



Get data breach insurance quotes, cost & coverage fast. IL cyber liability insurance helps cover the costs of a data security breach for with coverage like identity protection, public relations, legal fees, liability and more.

IL Data Breach Insurance

Illinois Data Breach Insurance

Technology is a valuable asset and offers a tremendous amount of benefits; however, there are certain aspects of technology that make it very worrisome. Data breaches and cyber attacks have become commonplace. It isn't just small companies that are subject to breaches and attacks; mega-corporations are susceptible to them, too.

Take the huge Equifax data breach that occurred in September of 2017 for example. During this breach, highly sensitive data was compromised, including social security and driver's license numbers, making it one of the worst breaches in history.

These types of situations highlight the importance of Illinois data breach insurance. Whether you own a local brick and motor business or you operate a Fortune 500 company, Illinois data breach insurance should be a top priority.

Who's Need Illinois Data Breach Insurance?

Illinois data breach insurance (also known as cyber liability) is beneficial for any business that relies on technology to conduct operations. It will behoove any organization that does any of the following to invest in this type of coverage:

What Does Illinois Data Breach Insurance Cover?

Data Breach Is Your Business At Risk?

When a data breach or cyber attack occurs, your business and the people it services are at risk of having sensitive information compromised. Personal identification numbers, social security numbers, birth dates, medical records, credit history, and various other types of important information can be stolen by whoever is being the attack. Several tragic things can occur as a result of a data breach or cyber attack; for example, identities can be stolen and credit can be destroyed.

Illinois data breach insurance, also known as cyber liability insurance, aids in covering the costs of the issues that arise as a result of a breach in data security. For instance, this insurance can help to pay for identity protection solutions, legal fees, public relations, liability, and so much more.

From an insurance point of view, two different types of data breaches can occur: breaches that affect a business, and breaches that affect the clients of a business. There are two different types of insurance for these two different types of data breaches:

First Party Illinois Data Breach Insurance. This type of cyber liability coverage will help to pay for the costs of the losses a business faces when hit by a cyber attack or data breach. To be more specific, first party data breach insurance covers:

Third Party Illinois Data Breach Insurance. This type of cyber liability coverage assists with the costs that are associated with any lawsuits that may arise after a data breach has compromised the data of a business' clients. In more detail, third party insurance covers:

What Illinois Data Breach Insurance Doesn't Cover

IL cyber liability insurance typically does not cover (excludes):

How Much Does Illinois Data Breach Insurance Cost?

How much does Illinois data breach insurance cost? The cost of this type of coverage varies depending on the type of data breach insurance you choose and the amount of coverage you opt for. Cyber liability insurance premiums are calculated on a company's industry, services, type of sensitive data stored or collected or processed, the total number of PII/PHI records, computer and network security, privacy policies and procedures and annual gross revenue, and more.

List Of Large Data Breaches

This list shows just some if the companies whose customer data was compromised in just 2016 and 2017 - it is hard to imagine how much damage the breach caused the companies, insurers and most important customers or account holders:

Further Reading On Cyber Liability Insurance

IL Data Breach Insurance Quotes

Illinois Insurance

Request a Illinois Data Breach Insurance quote in Arlington Heights, Aurora, Bartlett, Belleville, Berwyn, Bloomington, Bolingbrook, Buffalo Grove, Carol Stream, Carpentersville, Champaign, Chicago, Cicero, Crystal Lake, DeKalb, Decatur, Des Plaines, Downers Grove, Elgin, Elmhurst, Evanston, Glenview, Hanover Park, Hoffman Estates, Joliet, Lombard, Moline, Mount Prospect, Naperville, Normal, Oak Lawn, Oak Park, Orland Park, Palatine, Park Ridge, Peoria, Plainfield, Quincy, Rock Island, Rockford, Romeoville, Schaumburg, Skokie, Springfield, Streamwood, Tinley Park, Urbana, Waukegan, Wheaton, Wheeling and all other cities in IL.

Illinois Insurance Rules And Regulations

There are regulations governing insurance in IL that you should be aware of that cover both business and personal insurance. These include the limits associated with certain types of insurance as well as the actual regulations that govern these insurance categories - as well as regulatory agencies. Let's take a close look at the regulations for insurance in Illinois.

Illinois Business Insurance

The first type of insurance that we will discuss is Illinois business insurance. The most common type of business insurance is called General Liability. Liability insurance protects businesses in a number of ways, but the main way that you can think of this type of insurance is as coverage for when someone brings a lawsuit against you for something that happens on your premises. So, for example, if someone were to slip and fall on a freshly-mopped floor within your store, then you might be responsible for their injuries. Liability insurance protects you in instances like these.

However, there are some types of business insurance that are required by law. The first is standard in almost every state, and it is known as Worker's Compensation insurance. In some states, you have to have a certain number of employees before you are required to carry this type of insurance, but in Illinois, if you employ at least one person either full-time or part-time, you have to have Workees comp.

IL Personal Insurance

There are a couple of different types of personal insurance that are regulated by law in Illinois that you need to be concerned with. The first is auto insurance. Any private individual that operates a motor vehicle must carry liability insurance on that vehicle with certain limits reached. The insurance companies are already aware of these limits and the insurance that they offer provides them. The limits are $25,000 per person with a total maximum payout of $50,000 per accident. In addition, there must be another additional $25,000 provided for property damage.

There are also some regulations governing life insurance in Illinois that you should be concerned with. Life insurance is regulated under Title 215 in the State of Illinois Statutes. One regulation is that Illinois residents are given a minimum period of 10 days to evaluate the life insurance. You can cancel at any time during these 10 days and receive a full refund. In addition, insurance companies must provide a guarantee of death and claim payment as well as cash value. Finally, insurance companies must provide a timely payment of claims and keep your medical information private.


If you are looking for state specific Data Breach insurance quotes, costs and information: California Data Breach Insurance, Colorado Data Breach Insurance, Delaware Data Breach Insurance, Florida Data Breach Insurance, Illinois Data Breach Insurance, Kentucky Data Breach Insurance, New Jersey Data Breach Insurance, New York Data Breach Insurance, Oregon Data Breach Insurance, Pennsylvania Data Breach Insurance, Texas Data Breach Insurance, Washington Data Breach Insurance.

Want A Business Insurance Quote?

Request A Quote

Contact EK Insurance to find out how much commercial insurance costs.