Service Description

Cyber Protection Insurance, also called Cyber Liability Insurance, is designed to protect businesses from financial loss and liability arising from cyber threats, data breaches, and digital risks. With the increasing reliance on technology, cloud storage, and online transactions, cyber attacks have become a major risk for businesses of all sizes. This insurance provides coverage for first-party losses, third-party claims, and regulatory expenses associated with cyber incidents. Purpose and Importance: - Financial Protection: Covers losses from data breaches, ransomware, hacking, or network failures. - Liability Management: Protects against legal claims from clients, employees, or partners affected by a cyber event. - Regulatory Compliance: Helps meet requirements for data protection laws such as HIPAA, GDPR, or state-level privacy regulations. - Business Continuity: Supports recovery after cyber events by funding response, restoration, and crisis management. - Cyber Liability is increasingly critical as cyber threats can lead to significant financial losses, -reputational damage, and operational disruptions.