Cyber Liability – Data Breach

Cyber Liability Insurance

Cyber liability insurance helps your business recover from a data breach or cyberattack. It covers the costs of responding to an incident as well as your liability to customers and others whose information is exposed.

First-Party Coverage

Pays your own costs after an incident, such as breach notification, credit monitoring for affected customers, forensic investigation, data restoration, and, on many policies, cyber extortion and business interruption.

Third-Party Coverage

Covers your liability when others are harmed by a breach of data you held, including legal defense and settlements.

What is cyber liability insurance?

It helps cover the costs of a data breach or cyberattack, including incident response, data recovery, and liability to people whose information was exposed.

What does cyber liability insurance cover?

Typical coverage includes breach notification, credit monitoring, legal and forensic costs, and data restoration. Many policies also address ransomware and business interruption.

Does my business need cyber coverage?

Any business that stores customer data, accepts electronic payments, or relies on computer systems faces cyber risk, regardless of size.

Isn’t my general liability policy enough?

No. General liability policies typically exclude data breaches and cyber events, which is why a dedicated cyber policy is important.

Why buy cyber liability through an independent agent?

As an independent agency, The Summer Group represents many carriers, so we can compare cyber coverage for your operations and risk, with personal, local service.

Cyber Liability Insurance — Coverages Can Include:

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  Data breach response costs
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  Customer notification expenses
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  Legal defense & settlements
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  Credit monitoring services
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  Ransomware / extortion
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  Business interruption losses
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  Reputation management
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  Regulatory fines & penalties