Examples of Cyber Insurance/Data Beach insurance claims
Everyone is talking about cyber and data breach insurance, but what exactly would it cover?
Here are a couple cyber liability insurance claim examples:
Claim example: A hacker gains access to your network and exposes customer records. You now have to notify all of your customers (whether they were affected or not) and provide credit monitoring. Cyber liability insurance includes coverage to hire a call center to notify your customers and limits to include credit monitoring to your customers.*
Claim example: Your network is attacked by a “ransomware” virus – a hacker encrypts your computers and will give you the code to get them back to normal – for a fee. These types of attacks are covered under a cyber liability insurance policy.*
*These coverage forms may differ between policies and may not apply to your policy.
For a full-scope overview of cyber and data breach insurance, fill out the form below to schedule a call with a cyber insurance broker.
data breach insurance is extremely affordable and has several coverage options that can be tailored to your business.