US & Canada coverageAny organization using technology to run its business is at risk of a cyber attack or data breach. Cyber liability insurance can provide protection for your business’ digital assets. At AXA XL, we help clients better understand and address cyber risk through proactive ...
Our cyber experts offer cyber liability insurance coverage solutions to protect your business against cyber threats and data breaches.
Cyber liability insurance has been available in one form or another since the 1990s. But a spate of ransomware attacks and data breaches during the COVID pandemic upended the cyber insurance industry, forcing insurance providers to significantly raise premium rates, reduce coverage and benefits, and...
TheCyber LiabilityInsurance coverage may be subject to a deductible or self-insured retention. Cyber LiabilityInsurance with limits not less than $1,000,000 per claim. Cyber Liabilityaddressing risks associated with electronic transmissions, the internet, networks and informational assets, and having lim...
Most insurance providers that offer business insurance, such as E&O, business liability and commercial property insurance, also sell cyber insurance. Policies typically include first-party coverage, which applies to losses that directly affect a company. They also can have third-party coverag...
Insurance Coverage for Cyber LiabilityGenna S. Steinberg
At Gallagher, we analyze your potential risk and suggest the right insurance options for you. Our practice represents a diverse marketplace of over 150 countries, all ready to provide risk management programs that support optimal cyber insurance coverage. In addition, we monitor these countries to ...
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 ...
However, there are things that cyber insurance can't protect against and an organisation will need to make sure it understands what is covered and perhaps more importantly what isn't covered when they sign up to a coverage plan. While having some form of...
Cyber insurance: One in three US companies has purchased data breach insurance coverage or cyber liability insurance. The cyber insurance market is projected to reach $20 billion by 2025, according to experts at Alliance Global. These statistics underscore the vital importance of robust cybersecurity...