Cyber Liability Insurance

What is Cyber Liability Insurance?

Cyber Liability Insurance helps protect your business from financial losses caused by cyberattacks, data breaches, and other technology-related risks. This insurance is essential in today's digital age where businesses rely heavily on technology and data management.

What Does Cyber Liability Insurance Cover?

Cyber Liability Insurance typically includes the following coverages:

• Data Breach Response: Covers the costs of responding to a data breach, including notification, credit monitoring, and public relations efforts.
• Legal Expenses: Provides coverage for legal fees and settlements related to data breaches or cyberattacks.
• Business Interruption: Covers lost income and extra expenses incurred while your business recovers from a cyberattack.
• Cyber Extortion: Protects against losses from ransomware attacks and other forms of cyber extortion.

Who Needs Cyber Liability Insurance?

Any business that handles sensitive customer information, relies on technology for operations, or stores data online should consider Cyber Liability Insurance. This is especially important for businesses in industries like healthcare, finance, and retail.