Topic

Cyber liability insurance

IT / Tech professionals

Learn how to protect your IT consulting business by understanding the liability risks and taking steps to safeguard your assets.

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
<dfn>Cyberextortion</dfn> is an online crime in which hackers hold your business data hostage or disable your websites or computer systems until you pay a ransom.
Insurance terms
Business data stored in a digital format online or on a hard drive are considered <dfn>digital assets</dfn>.
Insurance terms
<dfn>Third-party cyber liability insurance</dfn> provides liability coverage for businesses, including tech companies, that handle other people&rsquo;s sensitive data.
Cyber liability insurance

Cyber liability insurance covers the costs of a data breach or cyberattack, including legal representation and crisis management. It helps tech companies recover quickly and notify affected clients.

Cyber liability insurance

After a data breach or cyberattack, cyber liability insurance compensates your tech business for any costs related to the incident, including lawsuits filed by your clients. Find answers to common questions about this policy.

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