Case Study: Food Services Company closes cyber coverage gaps with Alera Group

Food Services Company - Customer Case Study

Food Services Company, a multi-location business undergoing rapid expansion, turned to Alera Group for a review of its cyber and privacy coverage. The company was concerned its existing policy no longer fit its growing risk profile and had several gaps, including limited entity coverage, no credit card transaction protection for the restaurant and gift shop, no business interruption coverage for a breach or malware event, and low limits for forensic and public relations expenses.

Alera Group designed a revised cyber and privacy insurance program with higher liability limits and broader protection across all business entities. The new coverage expanded available limits for breach-related liability, forensic work, public relations, credit monitoring, and notification costs, helping Food Services Company avoid a potential uncovered claim estimated at between $100,000 and $500,000.