Cyber Liability Insurance
What is Cyber Liability insurance?
Cyber insurance helps protect your business from financial losses related to data breaches, ransomware, and other cyberattacks, including legal costs, notification expenses, and system recovery.
What does it cover?
Typical coverage includes data breach response and customer notification, ransomware/extortion payments, business interruption from cyber incidents, and third-party lawsuits related to compromised data.
Who needs cyber liability insurance?
Any business that handles customer data, takes electronic payments, stores sensitive information, or operates online should consider cyber protection, especially in industries like healthcare, retail, law, or finance.
Is cyber included in other policies?
Most general liability or property policies exclude or limit cyber coverage. Dedicated cyber policies offer much broader protection and are tailored to evolving digital threats.