Cyber Liability
Standard coverages and limits
Data breach response: Covers forensic investigations, legal counsel, breach notification, credit monitoring, and public relations expenses
Cyber extortion: Helps cover ransomware/extortion response, negotiation expenses, and certain related costs
Business interruption: Covers lost income and extra expenses resulting from a covered cyberattack or system outage
Data restoration: Pays to restore, recreate, or recover damaged or lost electronic data
Privacy and network security liability: Protects against claims alleging failure to protect sensitive information or secure computer systems
Regulatory defense and penalties: May cover legal defense costs and certain fines or penalties where legally insurable
Limits: Policies commonly provide aggregate limits ranging from $250,000 to $1 million+, with higher limits available for larger organizations. Sub-limits may apply to specific coverages such as ransomware, social engineering, or business interruption
Common Endorsements / Optional Coverages
Social engineering / funds transfer fraud
Ransomware enhancement
Dependent business interruption
System failure coverage
Reputational harm
Cost Factors & How Pricing Works
Company size and annual revenue
Industry: Healthcare, financial services, retail, technology, and other data-intensive industries may face higher premiums
Type and volume of sensitive data
Coverage limits, claims and incident history
Who Needs Commercial Auto Insurance?
Small and mid-sized businesses that rely on computers, email, cloud services, or digital customer information
Companies that collect or store sensitive data
Professional service firms, Healthcare organizations, Retail and e-commerce businesses
Manufacturers and other operational businesses
Any organization vulnerable to ransomware, phishing, data breaches, or business disruption caused by cyber incidents