From the March 2009 issue of Florida Underwriter • Subscribe!

Data Breach Coverage

Fireman's Fund Insurance Company has introduced the first coverage for retailers that experience a breach of their payment card security system. Any business that falls out of compliance with Payment Card Industry (PCI) Data Security Standards can face steep contract penalties or negative publicity. A single breach of a payment card security system could cost tens of thousands of dollars in penalties and extra expenses. The cost of compliance can include the extra expenses to upgrade and certify that the software systems meet the most current PCI standards. Coverage details are available at www.firemansfund.com.

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