Cyber Security Insurance

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Cyber Liability Insurance

A data breach or malicious software attack can result in significant expenses for a company. In addition to notification, credit monitoring, and legal fees, cyber liability insurance covers fines for data breaches and malware attacks. The traditional commercial general liability and property insurance policies usually exclude cyber risks, leading to the creation of cybersecurity insurance as a 'stand-alone' line of coverage. Businesses can suffer losses from a variety of cyber incidents, including direct losses or those that result in harm to others.

What does cyber liability cover?

  • Costs arising from data destruction and/or theft
  • Extortion demands
  • Hacking and denial of service attacks
  • Crisis management activity related to data breaches
  • Legal claims for defamation, fraud, and privacy violations.

We can help protect your business against damage to electronic data, virus or malware attack, liability to third parties, and also help recover the cost of:

  • Restoring and recreating data to your system
  • Restoring systems to pre-attack levels
  • Lost business and unforeseen expenses
  • Public relations services to communicate with outside parties concerning a computer attack, as well as your public response

We can help you assess the risks to your business and get you the protection you need in today’s data-dependent economy.