Cyber Liability Insurance

In the last several years, large companies like Target and Home Deport have been subject of costly computer hacking.  Today’s reality is that even smaller companies face this threat as well. Virtually all businesses today use computers in some way.  Maybe it is to communicate through email, or provide information or services through a website, to store and use customer data and more.  If the data or any information transmitted electronically is compromised, your business may be liable.  As we move into a more and more technology driven society, this threat is evolving rapidly.


Some standard business insurance policies, such as a Businessowners Policy (BOP), possibly may provide protection for a specific type of cyber incident.  For example, if you lose electronic data as a result of a computer virus or hardware failure, your insurance may pay recovery or replacement costs.  However, to extend coverage for a more comprehensive range of cyber liability risks, you will need to purchase a stand-alone cyber liability policy, customized for your business.


Types of coverage on a Cyber policy

  • Loss or corruption of data
  • Business interruption
  • Multiple types of liability
  • Identity theft
  • Cyber extortion
  • Reputation recovery

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