BUSINESS INSURANCE
Cyber Liability
Insurance
Help your business prepare for, respond to and recover from cyber events.
Cyber insurance can help address first-party recovery costs and third-party liability arising from data breaches, ransomware, network security events and other covered cyber incidents.
COMMON CYBER COVERAGES
Coverage for Digital and Data-Driven Risks
Cyber policy forms vary widely. Depending on the insurer and form, coverage may include incident response, privacy event expenses, network restoration, cyber extortion, business interruption and liability arising from privacy or network security failures.
Privacy Event Expense
May help pay for forensic investigation, legal guidance, notification and credit-monitoring expenses after a covered privacy event.
Cyber Extortion
May help with covered ransomware or cyber-extortion response costs, subject to policy conditions and insurer consent.
Cyber Business Interruption
Can help with covered income loss and extra expense resulting from a qualifying network interruption or system failure.
Network & Privacy Liability
May help defend and resolve covered third-party claims alleging privacy, network security or certain media-related injury.
BEYOND A DATA BREACH
Response Resources When an Incident Happens
Modern cyber policies can combine insurance with access to specialized response resources. Depending on the form, coverage can extend to network restoration, social engineering or e-theft and crisis-response services.
Network Restoration
May help pay reasonable costs to restore data, software or network functionality after a covered cyber event.
Social Engineering / E-Theft
Some policies offer coverage for qualifying fraudulent transfer or social-engineering losses, often with separate terms, limits or verification requirements.
Incident Response
Policies may provide access to breach counsel, forensic firms, notification vendors and other specialists after a covered event.
REAL-WORLD EXAMPLES
Everyday Situations
We Help Protect Against
Cyber events can create both immediate recovery costs and third-party liability. These examples show how coverage may respond, subject to the insurer, policy form, sublimits and conditions.
Ransomware Attack
A threat actor encrypts company systems and demands payment.
Phishing & Funds Transfer
An employee is deceived by a fraudulent email and sends funds to the wrong account.
Customer Data Breach
Sensitive customer information is exposed after a security incident.
Cyber Business Interruption
A covered cyber event disrupts systems and operations.
WHO NEEDS CYBER INSURANCE
Important for Businesses That Rely on Data and Systems
Any organization that stores sensitive information, uses cloud systems, accepts electronic payments or depends on technology can face cyber risk. Eligibility, controls and available coverage vary by insurer.
Retail & Wholesale
Restaurants & Food Service
Contractors & Trades
Professional Services
Office & Technology
Health & Wellness
Real Estate & Property Mgmt
Many Other Businesses
TWO SIDES OF CYBER COVERAGE
A More Complete and Social Engineering / E-Theft Option
Cyber insurance commonly combines coverage for the insured’s own response and recovery costs with liability protection for covered claims brought by others.
LIABILITY SIDE
First-Party Cyber
✓ Includes General Liability coverage
✓ Adds eligible commercial property coverage
✓ Commonly includes business-income protection
✓ Optional endorsements may be available
✓ Convenient package for many eligible businesses
VS
Third-Party Cyber Liability
✓ Covers covered third-party liability claims
✓ Bodily injury and property damage
✓ Products/completed operations
✓ Personal and advertising injury
✓ Useful when business property coverage is not needed
RELATED BUSINESS COVERAGES
Additional Coverages to Consider
Depending on your industry and operations, you may also want to consider:
Commercial Auto
Workers’ Compensation
Cyber Liability
Professional Liability (E&O)
Commercial Umbrella
Employment Practices Liability (EPLI)
Protect the Systems Your Business Depends On
Let us review your data, systems, payment processes and security controls to help identify appropriate cyber coverage options.