Description
COLEMONT as a licenced LLOYD’S Coverholder has created an insurance solution for companies to manage new GDPR risks. We offer you our exclusive insurance for GDPR LEGAL COSTS and GDPR COMPANY FINES up to the limits detailed below. We truly hope that our solution will allow you to meet new GDPR regulations with confidence and obtain the appropriate GDPR insurance directly from LLOYD’s in the most simple way.
Summary of insurance coverage
- INSURER: 100% Lloyd‘s Syndicate;
- INSURED: Company/Institution related to personal data activities;
- POLICY PERIOD: 12 months;
- LIMIT OF INDEMNITY:
Option A: 1.000.000 EUR GDPR fine limit and 50.000 EUR legal defense costs.
(Companies with Annual Turnover less than EUR 50,000,000 )
Option B: 5.000.000 EUR GDPR fine limit and 100.000 EUR legal defense costs.
(Companies with Annual Turnover EUR 50,000,000 to EUR 250,000,000)
- EXCESS:
Option A: (Companies with Annual Turnover less than EUR 50,000,000 ):
1.000.000 EUR GDPR fine limit and 50.000 EUR legal defense costs.
Option B: (Companies with Annual Turnover EUR 50,000,000 to EUR 250,000,000):
5.000.000 EUR GDPR fine limit and 100.000 EUR legal defense costs.
- WORDINIG: Colemont GDPR Wording >>;
- EXCLUSIONS: No exclusions;
- GOVERNING LAW: Country of Insured‘s;
- PREMIUM: From EUR 4,000.