Cyber Liability
With over 25 years of experience in the cyber insurance space, we offer specific coverage forms for businesses of all sizes. Our cyber liability insurance protects businesses from the financial impact of cyber incidents including data breaches, network security failures, ransomware attacks, and tech…
Who Needs This Coverage
- Technology companies and software developers
- Healthcare providers including medical offices, dentists, and life sciences
- Financial institutions, accountants, and investment advisors
- Professional services including lawyers, architects, engineers, and consultants
- Retailers, e-commerce, and hospitality businesses
What's Covered
- Data breach response and notification costs
- Cyber extortion and ransomware payments
- Business interruption from network outages
- Data recovery and system restoration
- Third-party liability for privacy violations
- Regulatory fines and penalties (where insurable)
Frequently Asked Questions
What is cyber liability insurance and does my business need it?
Cyber liability insurance protects your business from financial losses due to data breaches, hacking, ransomware, and other cyber incidents. If your business stores customer data, uses email, or accepts electronic payments, you likely need cyber cove…
What does cyber insurance cover in a ransomware attack?
Cyber insurance covers ransom payments if authorized, forensic investigation costs, data recovery expenses, business interruption losses, legal fees, customer notification costs, and credit monitoring services for affected customers. Many policies al…
How much does cyber liability insurance cost?
Cyber liability insurance typically costs $1,000 to $7,500 annually for small businesses with $1 million in coverage. Costs vary based on your industry, data volume, security measures, revenue, and claims history. Healthcare and financial services ty…