Cyber Liability Insurance protects your business from risks that come from using technology. This can include targeted attacks, such as malware and phishing, as well as the misplaced laptop containing confidential material. If your business computer system is breached by an attack, you may be responsible for the notification costs to inform the affected parties and provide credit monitoring.
Cyber Liability Insurance
Negotiation and payment of a ransomware demand
Allows businesses to claim back the costs associated with ransom attacks.
Data restoration
Cyber liability insurance can help cover the cost of recovering compromised data.
Breach notification to consumers
Cyber liability insurance can help cover the cost of notifying customers that their personal information was compromised.
Public relations expertise
This includes media relations, which can involve a public relations firm. How a business responds to a breach in public is important for maintaining public trust.
Credit Monitoring and Identity Restoration
Reimburses expenses incurred if your identity is stolen, such as legal fees, lost income, and fraudulent transactions. Helps you stay on top of your credit and detect suspicious activity
Network Security
Protects the insured against losses for the failure to protect a customer’s personally identifiable information (SSN, credit card numbers, medical information, passwords, etc.) via theft, unauthorized access, viruses, or denial of service attack.
Network Business Interruption
Network business interruption coverage is a type of cyber liability insurance that helps businesses recover losses when their operations are impacted by a cyber event
Media liability
Media liability is a type of cyber liability insurance that covers legal costs associated with intellectual property infringement and other claims
Errors and omissions
Damages due to a product or service failure, Tech E&O / Cyber steps in to cover legal costs and settlements.
