Cyber Liability Insurance

Cyber Liability coverage supports enterprises in the event of a data breach or cyber attack. For technology companies that handle sensitive data and rely heavily on digital infrastructure, this coverage is vital.

Technology Errors & Omissions

Intellectual Property

Business Property

Product Liability

What it covers:

Data Breach Response

Data Recovery

Cyber Extortion

Business Interruption

Network Security Liability

What it covers:

Policy Limits

Limits can range widely, from $1 million to $10 million or more, depending on the company's risk exposure.

Deductibles

Deductibles vary based on the size of the company and the risk profile but can start anywhere from $5,000 to $25,000.

Why do you need Cyber Liability coverage:

Contractual Obligations

Clients and partners may require evidence of cyber liability coverage before engaging in business arrangements.

Client Trust

Assures clients that the company is proactive about cybersecurity and prepared to handle incidents responsibly.

Regulatory Compliance

Companies are often required to adhere to strict data protection regulations, and non-compliance can lead to hefty fines.

Increasing Cyber Threats

With the prevalence of cyber attacks, a technology company is at a higher risk for potential breaches and system disruptions.