Cyber Security & Privacy Insurance

As technology becomes increasingly instrumental to running many businesses, Cyber Security & Privacy Insurance is essential to protect from a data breach or theft.

Consumers trust businesses with all types of personal information in today's technology age; however, unfortunate events can occur to compromise this data, leaving companies at risk of facing a costly claim or lawsuit. Data can be hacked, leaked, or systems can malfunction leaving information vulnerable. Help businesses prepare for a worst-case scenario situation with Cyber Security & Privacy coverage, which notably covers both first-party and third-party claims.

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What is covered? 

Cyber security and privacy insurances covers both first-party and third-party claims.

First-party: 

  • Loss of data
  • Loss of income due to interruption of business 
  • Notification/Response costs - hiring agency to notify affected parties and/or PR professional to restore reputation, etc.
  • Data recovery

Third-party: 

  • Network Security - covers third-party claims arising from data breach
  • Multimedia - covers claims of copyright infringement, libel/slander, plagiarism, etc.
  • Errors & Omissions - covers third-party claims of mistakes or negligence