Cyber liability insurance
Cyber liability insurance covers expenses related to data breaches and cyberattacks. Policy costs are determined by factors like your policy limits and how much sensitive data your company handles.
Evaluating the risk of a cyberattack for your industry and the related costs of data recovery and legal expenses can help you determine how much cyber liability insurance your small business needs.
Data breach insurance safeguards businesses from the costs of a data breach or other cyber threats. Several insurance policies offer protection to cover data-breach related costs, such as client lawsuits and security fixes.
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.