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5 Key Benefits of a Cyber Insurance Policy [Infographic]

Oct 30, 2023


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Cyber Liability Insurance Policy

5 Key Benefits of a Cyber Insurance Policy [Infographic]

In today’s digital age, businesses are becoming increasingly vulnerable to cyberattacks and data breaches. A Cyberattack can cause huge financial losses and reputational damage. In order to safeguard against the impact of cyberattacks, businesses are increasingly looking to secure themselves with a Cyber Insurance Policy.

A Cyber Liability Insurance Policy protects the Insured Company against for any financial losses resulting from the breach of its network systems. A Cyber Insurance Policy Coverage includes cover for First Party Coverage, meaning, expenses that a business needs to incur following a Cyberattack. First Party Coverage in a Cyber Insurance Policy pays for expenses such as Data Recovery Costs, Forensic Costs, Privacy Notification Expenses, Credit Monitoring Costs, Cyber Extortion Costs and E-Business Interruption Expenses.

In addition, Cyber Insurance Policy also pays for Third Party Liability, meaning, losses suffered by Third Parties on account of breach of Insured’s systems.

Benefits of a Cyber Insurance Policy

  1. What is a Cyber Insurance Policy?
  2. What is Cyber Threat or Cyber Risk?
  3. On Security Insurance Necessity For Businesses
  4. What does a Cyber Insurance Policy Cover?
  5. What kind of losses does a Company suffer on account of Cyberattacks and Security Breaches?
  6. What is the average Cost of a Cyber Incident?
  7. What are the First Party Liability Coverages under a Cyber Liability Policy?
  8. What are the Expenses Covered under a Cyber Liability Policy?
  9. What are the Third Party Liability Coverages covered under a Cyber Liability Insurance Policy?
  10. Cyber Security Insurance Policy (Why Does It Matter?)
  11. What are the Exclusions under a Cyber Liability Insurance?
  12. Cyber Insurance Policy Cost (What is reasonable?)
  13. Get Best Quotes for Cyber Insurance Policy with Qian