BusinessCyber
Business insurance
Cyber insurance
Pays for the response to a breach, ransomware, or funds-transfer fraud — and the lawsuits that follow.
In plainEnglish
Cyber coverage is two things: first-party costs (forensics, notification, ransom, lost income) and third-party liability (claims from customers whose data was exposed). Most small-business claims are email fraud and ransomware, not sophisticated attacks.
Covers
- Breach response and notification
- Ransomware and extortion
- Business interruption from a cyber event
- Social engineering and funds-transfer fraud, when added
- Privacy liability
Doesn’t cover
- Unpatched known vulnerabilities in some policies
- Bodily injury
- Loss of future profits beyond the policy period
Who needs it
- Any business that stores customer data or takes payments
- Professional offices and healthcare practices
- Businesses whose contracts require it
When itcomes up
Situations & professions
Where cyber shows up in real life.
Nextstep
Ready to see cyber options?
A few questions, your ZIP, and we’ll show you which market fits before you give us a phone number.