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