Cyber Liability Insurance

Cyber liability insurance provides businesses with protection against the financial fallout of cyberattacks, data breaches, and other cyber threats. It covers both the cost of response and legal damages.

• Example:
  Data Breach Coverage: If a company’s customer data is compromised in a cyberattack (e.g., credit card numbers, personal information), cyber liability insurance can help cover the costs of notifying affected customers, providing credit monitoring services, and legal fees related to the breach.
  • Business Interruption: If a cyberattack disrupts a company’s operations (such as ransomware), cyber liability insurance can help cover lost income and recovery costs during the downtime.