As Cyber Coverage Soars, Opportunity Clicks | PropertyCasualty360

The study found that personal identification information PII was the most typically exposed data type, followed by private health information PHI. The average claim per breach was $3.7 million; however, large claims of up to $76 million skewed the average. The typical loss cost insurers about $200,000. Third-party damages represented the single largest component of claims.  With PEO's storing much of this data it is critical for them to have Cyber coverage. 

READ MORE: As Cyber Coverage Soars, Opportunity Clicks | PropertyCasualty360.

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