Cyber Liability Insurance
Protect your business from the devastating costs of data breaches, cyber attacks, and privacy violations in today's digital world.
What is Cyber Liability Insurance?
Cyber Liability Insurance protects businesses from internet-based risks and data breaches. It covers costs associated with data breaches, cyber attacks, ransomware, business interruption, and regulatory fines.
Data Breach Response
Coverage for notification and credit monitoring
Cyber Extortion
Protection against ransomware attacks
Business Interruption
Lost income from cyber incidents
⚠️ The Growing Threat
- • 43% of cyber attacks target small businesses
- • Average data breach cost: $4.45 million (2023)
- • 60% of small businesses close within 6 months of a cyber attack
- • Ransomware attacks occur every 11 seconds
What's Covered
Data Breach Response
Notification costs, credit monitoring for affected individuals, forensic investigations, public relations, and legal assistance.
Cyber Extortion & Ransomware
Ransom payments, negotiation costs, and recovery expenses from ransomware and cyber extortion attacks.
Business Interruption
Lost income and extra expenses if a cyber attack disrupts your business operations.
Regulatory Fines & Penalties
Coverage for regulatory fines under GDPR, HIPAA, PCI-DSS, and other data protection laws.
Data Recovery & System Restoration
Costs to recover lost data and restore systems after a cyber incident.
Third-Party Liability
Legal costs and damages if customers sue you for failing to protect their data.
Who Needs Cyber Liability Insurance?
Every business that uses computers, stores data, or operates online should have cyber insurance:
E-commerce Businesses
Process online payments
Healthcare Providers
Store protected health information (PHI)
Professional Services
Handle client confidential data
Retail Businesses
Accept credit card payments
Technology Companies
Develop software or provide IT services
Financial Services
Handle sensitive financial data
Common Cyber Incidents:
- •Ransomware attack encrypts your files and demands payment for decryption
- •Hacker steals customer credit card information from your database
- •Employee falls for phishing scam, giving attackers access to your network
- •DDoS attack takes your website offline for days, losing revenue
- •Accidental exposure of customer data due to misconfigured cloud storage
Reduce Your Cyber Risk
While insurance is essential, prevention is equally important:
🔐Strong Password Policies
Require complex passwords, multi-factor authentication, and regular password changes.
📚Employee Training
Educate staff about phishing, social engineering, and safe internet practices.
💾Regular Backups
Maintain offline backups of critical data to recover from ransomware attacks.
🔄Software Updates
Keep all software, operating systems, and security patches up to date.
🔥Firewalls & Antivirus
Use enterprise-grade firewalls and antivirus software on all devices.
🔒Data Encryption
Encrypt sensitive data both in transit and at rest to prevent unauthorized access.
Get Your Cyber Liability Quote
Fill out the form below to receive a customized cyber insurance quote.
Frequently Asked Questions
Does my general liability policy cover cyber incidents?
No. Traditional insurance policies exclude cyber-related losses. You need a dedicated cyber liability policy for protection.
How much does cyber insurance cost?
Premiums typically range from $1,000 to $7,500 annually for small businesses, depending on your industry, data volume, and security measures.
Will cyber insurance pay ransom demands?
Many policies include cyber extortion coverage that can reimburse ransom payments, though insurers will involve negotiation experts and law enforcement.
Do I need cyber insurance if I use cloud services?
Yes. While cloud providers have their own security, you're still responsible for your data and liable for breaches. Cyber insurance protects your business.