Cyber insurance, also known as cyber risk insurance or cyber liability insurance coverage (CLIC), is an insurance policy that helps cover costs associated with data breaches or cyberattacks. Cyber insurance mitigates the risk exposure of a business by offsetting costs involved with damages and recove...
Our cyber experts offer cyber liability insurance coverage solutions to protect your business against cyber threats and data breaches.
Cyber, Data-Security Liability Claims: Coverage under Traditional Lines of InsuranceWeiss, David
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insurance. In addition,e-commercebusinesses can benefit from cyber insurance, since downtime related to cyber incidents can cause a loss in sales and customers. Similarly, any business that stores customer information on a website can benefit from the liability coverage provided by cyber...
Cyber Insurance ExplainedRead More > Cyber insurance, sometimes referred to as cyber liability insurance or cyber risk insurance, is a type of insurance that limits a policy holder’s liability and manages recovery costs in the event of a cyberattack, data breach or act of cyberterrorism. Cybe...
Cyber Insurance ExplainedRead More > Cyber insurance, sometimes referred to as cyber liability insurance or cyber risk insurance, is a type of insurance that limits a policy holder’s liability and manages recovery costs in the event of a cyberattack, data breach or act of cyberterrorism. Cybe...
Akin to the need for having adequate cyber liability insurance, having adequate data protection is essential. Sources: Cybersecurity Ventures 1, 2 | IBM | Ponemon | Statista | Verizon | World Economic ForumWant to learn more about our coverages? View All Coverages Related articles and ...
September 28, 2021 Colonial Surety, a direct and digital insurer, expanded its fiduciary liability product offering for plan sponsors – businesses that offer retirement plans – with a new, two-part package that includes cyber liability coverage. The new package offers fiduciary liability insurance ...
Cyber insurance is a type of commercial coverage that protects businesses from financial losses caused by data breaches and other types of cyberattacks. It covers computer-related risks that aren’t covered by yourgeneral liabilityorcommercial property insurance. If your business uses computers to send...