What Does Cyber Liability Insurance Cover?
Cyber liability insurance will not prevent an attack from happening, but it can cover some of the costs that arise after an attack occurs. Cyber liability coverage will vary based on organizational needs, but at a minimum, it can help ensure that a company is in compliance with any breach notice requirements. State statutes and regulations generally require companies to notify consumers of a data breach involving personally identifiable information. Basic policies also often cover indemnification for legal fees and costs for recovering data and restoring damaged systems, and they can additionally offer continual monitoring of impacted data for a specific period of time. Cyber liability policies available through Suracy can also provide coverage for Website Media Content Liability, Regulatory Defense and Penalties, and PCI Fines, Expenses and Costs.