Cyber Liability Insurance Cyber Liability policies can be designed to fit the specific needs of your business and provide coverage for liability that arises out of the unauthorized use of, or unauthorized access to, electronic data or software within your network or business. Request a Quote Cyber liability is a question of “WHEN” not “IF” Data drives the organizations of today’s world. Business of all sizes have had a cyber attack or data breach, with the average cost to rectify rising to$6.5 million per occurrence.One stolen laptop, one careless employee, a virus or even paper records that fall into the wrong hands, can create a financial and reputational consequence affecting your business for years to come. Why is Cyber Liability Coverage so Important? It addresses both the first-party and third-party risks associated with e-business, the Internet, networks and informational assets. It also provides coverage for liability claims as a result of spreading a computer virus or malicious code, computer theft, extortion, or any unintentional act, mistake, error or omission made by your employees while performing their job.Cyber liability coverage is available for any business, small and large, nonprofit organizations, and retailers. You may be able to save cost by bundling coverage with another policy to create a comprehensive suite of business liability coverages.We can help you assess the risks to your business, and get you the protection you need in today’s data reliant world. First-Party Protections Include:Loss of Digital AssetsLosses you incur as a result of damage, alteration, corruption, distortion, theft, misuse or destruction of electronic data.Non-Physical Business InterruptionLoss of income, interruption expenses and special expenses incurred as a result of the interruption in service or failure of the computer system.Security Event CostsReimbursement for notification, forensics and credit protection services along with costs incurred for fines and penalties (where insurable). Cyber Extortion ThreatReimbursement for extortion expenses and monies resulting from a credible threat.Cyber TerrorismReimbursement for loss of income, interruption expenses and special expenses incurred as a direct result of the interruption in service or failure of the computer system due to an act of terrorism.Security Event CostsReimbursement for notification, forensics and credit protection services along with costs incurred for fines and penalties (where insurable). Third-Party Protections Include:Network Security and Privacy LiabilityLegal liability for a security or privacy breach resulting from alleged violations of laws and regulations.Employee Privacy LiabilityLegal liability for a security or privacy breach of employees’ personal information.Electronic Media LiabilityDefamation, libel and slanderInvasion of an individuals right of privacy or publicityInfringement of any copyright, trademark, title or service markDomain name infringement Why We're Different You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.We’re your neighbors. We protect businesses and people we know and care about, and that means we look for ways to protect you, including carefully choosing the insurance companies we represent to be both affordable and responsive.Contact us and let our company help you forge a shield to help you protect the things you are working hard to build.