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Cyber Liability Insurance
What is Cyber Liability & What is Cyber Insurance?
Cyber Liability is the risk that is posed by businesses when they store information on the internet or in paper files. Many businesses may face a cyber liability risk with the information they collect or store. A breach of your systems or loss of private information is only one type of cyber liability exposure faced by businesses.
Cyber Insurance helps cover your business’ liability for a data breach that includes sensitive client information. This could include things like Social Security numbers, credit card numbers, account numbers, driver’s license numbers, and even medical records.
Depending on the coverage form, typical items Cyber insurance can cover include:
- Legal fees and expenses
- Restoring personal identities of affected clients
- Notifying clients about a data breach
- Repairing damaged computer systems
- Recovering compromised data
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