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CYBER LIABILITY INSURANCE

Cyber liability insurance for businesses that use computers and store data.

A single ransomware attack or data breach can cost a small business $200,000 or more in response, recovery, regulatory fines, and lawsuits. Cyber liability is no longer specialty coverage. It is essential for almost every business that uses email, processes payments, or stores customer data.

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WHAT'S COVERED

What cyber liability covers.

Breach response and notification

Pays the costs of notifying affected customers, hiring forensic investigators, providing credit monitoring, and engaging breach coaches and lawyers. State and federal breach notification laws make this expensive even for small breaches.

Cyber extortion and ransomware

Covers ransom payments (when legally permitted) and the costs of negotiating, recovering, and rebuilding systems after a ransomware attack. Most policies also cover business income loss while systems are down.

Network security and privacy liability

Pays defense costs and damages if customers, vendors, or regulators sue you because of a breach or privacy violation. Includes regulatory fines and penalties where insurable by state law.

Business interruption from a cyber event

Pays lost income and continuing expenses if a cyber attack disrupts your operations. Often includes contingent business interruption from an attack on a vendor or cloud provider you depend on.

IMPORTANT LIMITATIONS

What cyber liability does not cover.

Failure to maintain basic security

Most policies require minimum security controls like multi-factor authentication, regular backups, and staff training. Failing to maintain these can be grounds for denial of a claim.

Pre-existing breaches

Breaches that began before the policy started are not covered, even if discovered during the policy period. The application asks about prior incidents and answers must be accurate.

Bodily injury and property damage

Physical injury to people or damage to property is excluded under cyber. Those losses fall under general liability or commercial property and may not be covered if cyber is the underlying cause.

Acts of war and certain state-sponsored attacks

Recent cyber events have triggered carrier disputes over war exclusions when state-sponsored actors are involved. Read the war exclusion language carefully and ask your agent how it has been applied.

OUR CARRIER PANEL

Carriers We Use for This Coverage

All carriers are A-rated by AM Best and appointed in the state. We compare them and recommend the right fit.

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CLAIMS TIPS

If You Need to File a Claim

Practical guidance for the first 24 hours, what to document, common mistakes to avoid, and when to call us.

Common questions

Can my insurance carrier deny my claim?

Yes, for specific policy reasons that must be in writing. You can challenge a denial.

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What is a recorded statement and should I give one?

An on-record interview the carrier uses for the file. Give one, but prepare first and never speculate.

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What happens after I report a claim to my insurance carrier?

Acknowledge, assign adjuster, investigate, decide. Most carriers move within 7-30 days for routine claims.

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Do I have to use the carrier's preferred contractor?

Usually no. Most policies let you choose any licensed contractor, though preferred shops have their own benefits.

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GET STARTED

Running a business without cyber coverage?

Cyber attacks no longer target only large enterprises. Send us your business details and we will quote cyber liability coverage that matches your actual risk.

Varies by industry, data volume, security controls, and revenue. Most small businesses pay between $700 and $3,500 per year for typical $1M cyber liability limits. Higher data volume or regulated industries pay more.

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