Liability for loss of customer or employee data is not typically covered under a corporate insurance policy. Cyber liability insurance involves coverage for any liability arising out of unauthorized use of — or unauthorized access to — electronic data or software within your network or business. Cyber liability policies also provide coverage for liability claims for spreading a virus or malicious code, cyber-attacks, firewall failures, hardware theft (including mobile devices), extortion, or any unintentional act, mistake, error, or omission made by your employees while performing their job.
As technology advances, cyber liability is becoming increasingly essential for any business that handles or stores private data. Our team of insurance experts can help your business evaluate cyber liability risks, and garner appropriate insurance coverage.