Cyber liability insurance
Cyber extortion is an internet crime in which someone holds electronic files or your business data hostage until you pay a demanded ransom.
Third-party cyber liability insurance can pay for a business's legal expenses if one of its clients files a lawsuit after experiencing a data breach.
First-party cyber liability insurance protects small businesses against the financial impact of data breaches and cyberattacks.
Cyber liability insurance protects against data breaches and cyberattacks. Policy costs are determined by how much sensitive information your business handles and other factors.