General Liability Insurance
Professional Liability Insurance
Errors and Omissions Insurance
Cyber Liability / Data Breach Insurance
Workers' Compensation Insurance
Business Owner’s Policy
Data Breach Insurance
Certificate of Liability Insurance
Additional Insurance Offerings
4.9 out of 5 Customer Rating
Get in-depth information on essential insurance coverages.
Certificate of Liability insurance
Alaska’s Personal Information Protection Act requires businesses to notify their customers of a data breach – unless no harm is determined – by written or electronic means. This does not apply if the data was encrypted. The law in
Alaska also includes protection for a data breach of any PINs, passwords, or access codes to any financial account. Additionally, businesses can face fines up to $500 per resident and $50,000 per incident.
Name of Law / Statute
Personal Information Protection Act
Definition of Protected Information
Standard PI definition (Combination of (1) name or other identifying info, PLUS (2) one or more of these "data" elements: SSN; driver's license number; or account number, credit card number, debit card number if accompanied
by PIN, password, or access codes) PLUS protection for PIN, password, or access code to any financial account alone
Who Is Subject to Law?
Any person doing business, any business with 10 or more employees
Notification of Consumers?
Yes, unless determination of no harm
By what means?
Written or electronic; if >1000 residents, must notify national credit reporting agencies
Substitute Notice Threshold?
Notification of authorities / regulators required?
Yes (in writing), if business investigates and finds no "reasonable likelihood that harm to the consumers whose personal information has been acquired has resulted or will result from the breach"; must maintain record for 5 years
Up to $500 per resident, up to $50,000 per incident
Credit monitoring requirement?
Private lawsuits allowed?
Private damages cap?
Actual economic damages + attorney fees and costs
Regulatory actions allowed?
Yes, but only against government agencies
HIPAA Compliance exemption?
Other (e.g., timeframe)
Law does not apply if PI was encrypted
Link to complete law
Read the full text of Alaksa’s data breach law.