Business Insurance
Cyber Insurance
Cyber insurance helps protect your business from losses related to data breaches, cyber attacks, and privacy or security incidents. It can cover response costs, notifications, and liability.
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What is Cyber Insurance?
Cyber insurance helps cover costs and liability from cyber events such as data breaches, ransomware, business email compromise, and privacy violations. It can pay for forensic investigations, notification costs, credit monitoring, and legal or regulatory defense.
Any business that stores or processes customer or employee data, uses technology for operations, or relies on systems for revenue can benefit from evaluating cyber coverage.
Key Benefits
Common Uses for Cyber
Data breach
Customer or employee data is exposed or stolen
Ransomware
Systems are locked and a ransom is demanded
Privacy claims
Allegations of mishandling personal information
Vendor requirements
Clients or partners require cyber coverage
Frequently Asked Questions
Cyber insurance typically covers costs from data breaches (forensic investigation, breach notification, credit monitoring), ransomware and cyber extortion incidents, business interruption caused by cyber events, and privacy or regulatory defense costs. Coverage details vary by policy.
Any business that stores customer or employee data, processes payments, or depends on technology for operations faces cyber risk. Cyber incidents affect businesses of all sizes small businesses are frequently targeted because they often have fewer security controls than large enterprises.
Most cyber policies exclude prior known incidents, intentional acts by the insured, physical damage to hardware, and in some cases nation-state attacks. Coverage scope and exclusions vary significantly by policy, so it is important to review your policy terms carefully before purchasing.
Premiums depend on your industry, annual revenue, volume and type of data you handle, and the security controls you have in place. Small businesses may pay a few hundred to several thousand dollars annually. Businesses in healthcare, financial services, or retail typically pay more due to higher data exposure.
Related Coverage Options
Professional Liability (E&O)
Covers claims of negligence, errors, or omissions in professional services.
Learn more →Management Liability (D&O)
Protects directors and officers from claims related to business decisions.
Learn more →Business Owner's Policy (BOP)
Bundles general liability and property coverage at a lower combined rate.
Learn more →Ready to Get Cyber Insurance?
Find cyber coverage that fits your data, systems, and risk profile.