Cyber Liability/Data Breach

What Does Cyber Liability/ Data Breach Cover?

Does your business process credit card payments? Does it store client’s information like name, address, medical records or other personal specifics? If the answer is yes, then your business should be carrying cyber liability insurance. Cyber insurance can help protect you from a costly loss that could put you out of business.

How Does Cyber Liability Insurance Protect Your Business?


Cyber liability insurance can cover the cost of business interruption, recovery of data, identity theft and IT forensics. It can also cover legal fees, required cost to notify your customers and possible settlement costs.

You can purchase a stand-alone cyber policy or add it to your Business Owners Policy (BOP). This is a loss that your general liability policy will not cover. The cost depends on your type of exposure, who has access to your data and the network security you have in place.

This coverage is not meant to provide cyber security but rather a fall back should your cyber security fail. Your clients are your business. Don’t put their information or your business at risk.

Depending on your business operation, you can add additional endorsements to better protect your business. This policy will not provide coverage for professional liability/E&O. 

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