Cyber liability insurance, often referred to as cyber crime insurance, offers essential protection for businesses facing the growing threat of cyber attacks and data breaches. This coverage shields businesses from the financial impact of incidents such as data theft, operational disruptions, and the expenses tied to managing cyber-related crises.
These policies typically cover costs such as investigating breaches, notifying impacted individuals, restoring compromised data and systems, and addressing liability claims or lawsuits. Additionally, they help mitigate losses from business interruptions and expenses for public relations or crisis management, ensuring your business recovers swiftly and confidently after a cyber event.