Cyber Liability Insurance 2018-03-29T08:51:02+00:00

Cyber liability insurance protects against liability and property losses that may occur when a business engages in electronic activity including the risks associated with computers and their networks. Most cyber exposures are not covered under traditional insurance policies. A cyber liability policy may cover the following types of claims:

  • Breaches, losses or destruction of data including paper files
  • Expenses associated with notifying those individuals/companies that may be affected by a breach and the cost of monitoring service
  • Loss of revenue and additional expenses incurred as a result of a computer interruption
  • Regulatory fines and penalties
  • Cyber ransom or extortion demands
  • Damages to third party support systems
  • Electronic theft