What is cyber liability insurance?
Cyber liability insurance will protect your business from the financial loss of a cyber attack. It provides coverage for legal services and defense costs, notification expenses, forensic analysis, regulatory compliance and fines, lost income, and recovery of lost files.
First-party cyber coverage is automatically included, and will cover the costs associated with an attack on your computer systems or network. For example, you get hacked but it appears that none of your client’s data was compromised. You are still required to notify your clients of the attack, which comes at a significant cost.
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