Regulatory Coverage
Regulatory Coverage is an insuring agreement found in policies that address data breaches such as Cyber, and Tech E&O. In the event of a privacy data breach, it covers costs, fines and penalties imposed by regulators. Costs can include legal and investigative costs if privacy laws were compromised and if legal assistance is required to determine causation and understand whether regulations and protocols were followed. Fines and penalties are covered in jurisdictions that allow such coverage.