Cyber Liability

Cyber liability insurance, also known as cyber insurance or cyber risk insurance, is a type of business insurance that protects companies from financial losses due to cyberattacks, data breaches, and other cybersecurity issues.

Cyber liability insurance can help cover:

Data recovery: The cost of restoring lost or stolen data

Customer notification: The cost of notifying customers whose data was breached

Legal fees: The cost of legal fees and regulatory fines

Crisis management: The cost of hiring a public relations consultant to restore the company's reputation

Business interruption: The cost of lost income due to business interruption

Cyber extortion: The cost of dealing with cyber extortion and fraud

Refunds: The cost of providing refunds to customers affected by the breach