What is Cyber Insurance?
Cyber insurance is an insurance policy that provides businesses with a combination of coverage options to help protect the company from data breaches and other cyber security issues.
Your Data is Your Business. Protect it with Confidence.
Data drives the organizations of today’s world. Business of all sizes have had a cyber attack or data breach.
One stolen laptop, one careless employee, a virus or even paper records that fall into the wrong hands, can create a financial and reputational consequence affecting your business for years to come.
One stolen laptop, one careless employee, a virus or even paper records that fall into the wrong hands, can create a financial and reputational consequence affecting your business for years to come.
Frequently Asked Questions:
What does cyber insurance cover?
With a comprehensive cyber liability policy, you can feel confident you’re covered in case of data breaches and related issues, including:
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Data compromise protection to cover employee and customer information if your data should ever be hacked, stolen, corrupted, or subject to procedural errors or internal fraud
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Legal cost protection incurred by legal reviews
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Forensic services to assist in determining the nature, extent, and perpetrators of an electronic breach
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Personal services for any persons affected, which may include help line services, credit monitoring, and case managers for identifying theft victims
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Costs of legal defense, in an event that the company is sued due to the breach
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Identity recovery protection to identity fraud victims and restore their credit history and records. This includes owners, employees, and family members
Why doesn't general liability cover cyber attacks?
General liability insurance covers bodily injuries and property damage resulting from your products, services or operations, so cyber insurance is typically excluded from general liability policies.
Do I Need Cyber Insurance?
Cyber liability coverage is available for any business, small and large, nonprofit organizations, and retailers. You may be able to save on costs by bundling coverage with another policy to create a comprehensive suite of business liability coverages.
What Types of Businesses Benefit from Cyber Insurance?
Any business that stores sensitive information should have a cyber policy. Sensitive information includes names, addresses, email addresses, financial information, and more.