What is PCI Fines and Assessments | Insurance glossary by upcover

PCI (Payment Card Industry) Fines and Assessments cover penalties or costs imposed after a credit or debit card data breach. It includes investigations, network re-certification, and reimbursement of fraudulent transactions. For example, if hackers steal customer card details from a trades business, this cover helps pay required PCI charges. Why it matters: It protects businesses that store or process payment information from heavy post-breach costs.

Related Terms

Cybercrime & Fraud Cover (Business Pack)

Electronic Data Recovery (Business Pack)

Data Breach Cover (Business Pack)

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Related Term

Cybercrime & Fraud Cover (Business Pack)

Electronic Data Recovery (Business Pack)

Data Breach Cover (Business Pack)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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