Regulatory defense and penalties coverage

{
  "id": "MLC-T-INS-002837",
  "term": "Regulatory defense and penalties coverage",
  "field": "Insurance and risk management",
  "definition": "Insurance protection for legal expenses incurred when defending against investigations or actions by regulatory bodies following a cyber incident or privacy violation. It also covers certain fines and penalties imposed by these authorities, subject to policy terms and applicable law. This coverage addresses the financial burden of compliance failures and regulatory scrutiny.",
  "subject": "Cyber and Privacy Liability",
  "url": "https://mlchart.com/terminology/insurance/regulatory-defense-and-penalties-coverage/"
}