Cyber Insurance coverage protects large, mid and small businesses from a variety of cyber security breach claims and lawsuits. From accidental loss of personal customer information, online theft and hacking of confidential information, stored credit card numbers and Network security failure liability costs to name a few.
A typical policy should cover expenses related to:
- Investigation of a data breach
- Cost of legal defense
- Cost of mailing and communicating with customers regarding breach
- Costs towards business interruption
- Media or content liability
- Legal settlements and judgements
- Extortion liability
- Reputation Damage Expense
- Loss Control & Mitigation Services