CYBER INSURANCE
What Is Cyber Insurance?
Cyber insurance helps businesses respond to covered financial losses and liabilities arising from cyber incidents such as data breaches, ransomware attacks and network security events.
Businesses increasingly rely on email, cloud systems, online payments and digital records. A cyber incident can disrupt operations, compromise sensitive information and create significant recovery costs.
What Can Cyber Insurance Cover?
Cyber policies can provide a combination of first-party and third-party protection following covered cyber incidents.
Data Breaches
Costs associated with responding to certain covered breaches involving sensitive information.
Cyber Extortion & Ransomware
Coverage for certain costs arising from covered cyber extortion and ransomware incidents.
Business Interruption
Coverage for certain lost income and additional expenses following a covered network interruption.
Data & System Restoration
Costs associated with restoring certain data and systems following a covered cyber incident.
Privacy & Network Liability
Protection against certain covered third-party claims arising from privacy or network security incidents.
Incident Response
Access to services that may include forensic investigation, legal assistance and breach response following a covered incident.
Coverage is subject to policy terms, conditions, limits, deductibles and exclusions.
Who Needs Cyber Insurance?
Businesses that rely on technology, store sensitive information, process payments or communicate electronically can face cyber exposures.
Contractors & Trades
Businesses using email, accounting software, cloud platforms and digital records.
Manufacturers & Wholesalers
Businesses relying on connected systems and technology for their operations.
Retail & E-Commerce
Businesses processing payments or conducting transactions electronically.
Property & Real Estate
Property businesses handling tenant, financial and other sensitive information.
Small & Mid-Sized Businesses
Businesses that rely on technology for their day-to-day operations.
Professional & Service Businesses
Businesses storing client information and communicating electronically.