Cyber liability insurance
Cyber liability insurance covers expenses related to data breaches and cyberattacks. Policy costs are determined by how much sensitive information your business handles and other factors.
Cyber liability insurance covers the costs associated with data breaches and cyberattacks, including the cost of recovering important data and hiring legal representation.
Technology errors and omissions insurance and cyber liability insurance both cover data breaches. The type of coverage your business needs depends on whether a cyberattack could damage your company, your clients, or both.
Third-party cyber liability insurance can pay for your business's legal expenses if one of your 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 extortion is an internet crime in which someone holds electronic files or your business data hostage until you pay a demanded ransom.