Cyber Liability Insurance

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Cyber Liability Insurance

Protect your business from digital threats with Cyber Liability Insurance - the essential coverage for the modern world.
Cyber liability insurance is a type of business insurance that covers the risks and costs associated with cyberattacks, data breaches, and other online threats.

Cyberattacks can cause severe damage to your business, such as

Loss of data or confidential information

Loss of revenue or reputation

Legal liability or regulatory fines

Business interruption or downtime

Recovery or remediation expenses

How much does cyber liability insurance cost?
The cost of cyber liability insurance depends on several factors, such as

The coverage and limit of your policy
The risk profile and exposure of your business
The security standards and practices of your business
The industry and location of your business

How Our Company Saves You Money And Time With Cyber Liability Insurance

Cyber liability insurance can save you money and time in the long run. Without cyber liability insurance, you may have to pay for the costs and consequences of a cyberattack out of your pocket. This can be very expensive and time-consuming, especially when dealing with lawsuits, investigations, or remediation. With cyber liability insurance, you can:

  • Reduce your out-of-pocket expenses
  • Avoid or minimize legal fees or penalties
  • Speed up your recovery process
  • Maintain your cash flow and profitability
  • Focus on your core business activities

Click And Learn

Crisis Management
Prior acts
Crime extortion
Error & Omission liability
Media coverage

Crisis management coverage

Risk Factors

A cyber attack on your computers can be harmful and you would become liable for the losses & expenses incurred.

Solution

Depending on the policy, coverage may include the cost of hiring an attorney, forensic accountant, computer expert, or public relations expert to assess the scope of the damage, determine whose data was compromised, help mitigate the loss, and protect the company’s reputation.

Prior acts coverage

Risk Factors

There can be instances where a data breach occurs before your policy’s effective date and You fail to get coverage for the same.

Solution

Prior acts coverage can be taken to help cover claims related to a breach that happened before your policy’s effective date.

Crime extortion coverage

Risk Factors

A data hacker can steal your confidential data and ask for a ransom in return. You will be liable to pay the ransom from your pockets.

Solution

This covers a ransom paid to a hacker who’s breached a company’s computer system and threatened to commit a nefarious act like damaging data, introducing a virus, initiating a DoS attack, or releasing confidential data unless the ransom is paid.

Error & omission liability coverage

Risk Factors

There can be instances where a cyber-attack caused due to the negligence of an employee may result in a data breach.

Solution

This covers claims against the business arising from negligent acts, errors, or omissions such as the failure to protect sensitive data, the failure to provide the notification of a data breach, or the failure to prevent a security breach that results in a DoS attack or the introduction of a virus.

Media coverage

Risk Factors

There is a possibility that your business is sued for copyright or any alterations to someone else’s website, where you become liable for lawsuits, if any.

Solution

This coverage takes care of third-party advertising injury claims on the internet and includes IP infringement, copyright infringement, libel, slander, and defacement of a website.
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