Cyber Liability insurance, also known as data breach insurance, is designed to provide protection for data and network exposures.
It helps safeguard your business by providing coverage for legal costs should a third party bring a claim against you for negligence or privacy infringement associated with the breach.
It can also help provide your business with legal and forensic support. Should a data breach occur, you may need to seek out financial, legal and technical assistance to respond quickly and appropriately.
Covers costs associated with a data breach to your business. This includes customer notification and credit monitoring for affected customers.
Provides protection for your business against demands made by a hacker threatening to damage or release data if money is not paid. This can include negotiation services.
Pays for your business’s legal expenses resulting from a breach. This can include costs to defend claims of failing to protect customer data, investigations by regulators, and associated legal settlements.
Covers the costs of services to identify the cause and extent of a breach, including the hiring of specialists to confirm and analyze the incident.
Protects your business against claims of negligence that result in unauthorized access to or theft of data, the spread of viruses, or denial-of-service attacks.
