What it covers
- Breach response: forensics, notification, credit monitoring
- Ransomware and cyber extortion
- Business interruption from a cyber event
- Liability when customer or employee data is compromised
Coverage line 07 of 09
Cyber, in plain English.
Breach response, ransomware, business interruption from a cyber event, and liability when customer or employee data is compromised.
When you need it
- You store data, take payments, or depend on systems to operate
- Increasingly required by customer and vendor contracts
Common gaps
- Social-engineering / funds-transfer fraud buried under tiny sublimits
- MFA and control requirements that void coverage if unmet
- Dependent business interruption — your vendor's outage, your loss
Who it's for
- Nearly everyone now
- Technology and professional firms most acutely
This page is general information, not advice about your specific situation, and not a quote, binder, or contract of insurance. Actual coverage is governed solely by the terms, conditions, and exclusions of the issued policy.
Who usually needs it
See Cyber in your industry.
Related reading
Understand it before you buy it.
Cyber: the risk that keeps rising
You don't need big data to be a target — a bank account and an inbox will do. What the coverage does, and why the application is half of it.
Read · 3 min →Why we ask for supplemental applications
The clearer the picture we paint for underwriters, the better your coverage and pricing. Vague submissions get defensive quotes.
Read · 2 min →E&O: when the work itself is the risk
GL covers injury and property damage. E&O covers the financial harm your work or advice can cause — and defends you when you're accused.
Read · 3 min →