Cyber Insurance Policies
What's covered by a Cyber Insurance Policy?
- Cyber is comprised of a few main components: network security & privacy liability. This means the protection of your networks to maintain security, preventing unauthorized access and protection of personally identifiable, health, or other sensitive information. There is also first party coverage (for losses you incur) and third party coverage (when a third party alleges fault on your part). Cyber-crime / social engineering coverage is a traditional add-on.
When should a company buy a Cyber Insurance Policy?
We recommend this coverage early on. Ransomware attacks are on the rise, even for small businesses.