Cyber Liability Insurance
What is cyber liability insurance?
Cyber liability insurance is designed to pay costs associated with lawsuits regarding customer data. This could include data breach, cyber extortion, or network failures. More and more technology and non-technology companies are being impacted with these types of losses.
Do I need it?
If you store or host customer data, such as social security numbers, addresses, or credit card information, then there is a regulatory obligation to keep that data secure. Cyber liability insurance is often essential in these cases.
What does it cover?
Cyber liability coverage can cover first-party and third-party liability–for example, it can cover if your own computers are breached or attacked, or whether a client’s system where you’re the host is breached or attacked.
What does it cost?
There are more markets than ever offering this type of coverage. We will work with you to find the best program for your business.
