Jewelers Mutual adds data breach security protection

Neenah, Wis.--With the rising threat of data security breaches that can result in the loss of consumers’ confidential information, Jewelers Mutual has introduced data breach and cyber-related coverage options to serve the needs of jewelers.

A data breach occurs anytime a company is responsible for the loss, theft, accidental release or accidental publication of personally identifying information.

Small businesses might be more susceptible to these types of data breaches than larger companies because they might not have a dedicated team for information security or the resources to handle a breach once it has occurred, Jewelers Mutual said.

The new coverage from Neenah-based insurer helps jewelers meet state and federal requirements for notification and also includes legal counsel, forensic IT reviews, credit monitoring and identity restoration services.

Since so many jewelers now are selling jewelry online as well, Jewelers Mutual also is offering e-commerce coverage to protect jewelers from the loss of business income and expenses incurred when they have a covered suspension or decrease in e-commerce activity. This coverage includes the restoration or replacement of electronic data that is destroyed or corrupted.

“At Jewelers Mutual, we are always listening to the needs of agents and jewelers as we build coverage that fits their growing and changing businesses,” said President and CEO Darwin Copeman. “Forty-seven states have laws in place requiring businesses to notify individuals of breaches involving personal information, and that puts jewelers in a tough spot to navigate the requirements and the associated costs. It’s not as simple as saying, ‘I’m sorry,’ but Jewelers Mutual can help your business recover.”

RELATED CONTENT: 21 digital security tips for retailers

Jewelers can learn more about data breach and cyber-related coverage by speaking with a Jewelers Mutual agent over the phone by calling 800-558-6411 or sending an email to YourInsuranceExpert@jminsure.com.

Jewelers Mutual also has more strategies to help prevent losses and protect jewelry businesses on their website at JewelersMutual.com.