Cyber Insurance Coverage

We all understand in today’s world that cybersecurity is a mandatory action we take to protect our business from financial ruin. But…what does cyber insurance cover? Cybersecurity insurance covers first-party risks that refer to the policyholders’ losses. A cyber breach…

Cyber Insurance Coverage

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We all understand in today’s world that cybersecurity is a mandatory action we take to protect our business from financial ruin.

But…what does cyber insurance cover?

Cybersecurity insurance covers first-party risks that refer to the policyholders’ losses. A cyber breach can cause business interruption leading to loss of revenue system and operational damage and cyber
incident response costs.

Third-party risks are also covered in cyber liability insurance, which covers the cost and losses associated with any disputes or claims a business may encounter by their customers or other third parties, following a cyberattack.

Cyber insurance broadly covers all 1st and 3rd party risks! This is why it is so critical to have a comprehensive cyber policy that covers your business with cyber and data breach risks!

Should your company face cybercrime, would you be financially at peace of mind?

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