Topic

Cyber liability insurance

Insurance terms

Third-party cyber liability insurance provides liability coverage for businesses, including tech companies, that handle other people's sensitive data.

Insurance terms

First-party cyber liability insurance helps cover expenses resulting from a data breach or cyberattack on your business's own network.

Insurance terms

Business data stored in a digital format online or on a hard drive are considered digital assets.

Insurance terms

Cyberextortion is an online crime in which hackers hold your business data hostage or disable your websites or computer systems until you pay a ransom.

Cyber liability insurance

The average premium for cyber liability insurance is about $145 per month. Your exact cost will depend on several factors, including the type of data you handle and your policy limits.

Small business insurance

Technology errors and omissions insurance (tech E&O) and cyber insurance are two forms of protection against cyberattacks for small businesses. While tech E&O focuses on cybersecurity errors that harm your clients, cyber insurance offers financial coverage for breaches that directly affect your business.

Small business insurance

Commercial insurance protects businesses, freelancers, and independent contractors against liability lawsuits, property damage, cyberattacks, and other risks that could devastate your company.

Cyber liability insurance
Cyber liability insurance pays for legal expenses, credit monitoring services, and other recovery costs if a data breach or cyberattack affects your company or your clients.
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