A Cyber Liability Policy with the Woj Broker
Overview
A Cyber Liability Policy is designed to protect businesses from the financial risks associated with cyber incidents, including data breaches, cyberattacks, and other technology-related risks. As businesses increasingly rely on digital systems and data, this insurance provides essential coverage to help mitigate the impact of cyber threats.
Key Features
Data breach Coverage
o Covers costs associated with data breaches, including notification expenses, credit monitoring for affected individuals, and legal fees
o Helps manage the fallout from unauthorized access to sensitive customer or employee data
Network Security Coverage
o Protects against losses resulting from cyberattacks, such as denial-of-service attacks and malware infections
o Covers costs related to restoring and securing your network following an incident
Business Interruption Coverage
o Provides compensation for lost income due to a cyber incident that disrupts business operations
o Helps cover ongoing expenses during the recovery period
Media liability coverage
o Protects against claims arising from online content, including copyright infringement, defamation, and advertising errors
o Important for businesses engaged in marketing or content creation
crisis management & public Relations
o Covers expenses related to managing the public relations impact of a cyber incident, including hiring PR firms and communicating with stakeholders
o Helps maintain your business’s reputation in the face of a cyber crisis
Benefits
Comprehensive Protection
Comprehensive Protection
Comprehensive Protection
Offers broad coverage against a variety of cyber threats, ensuring that your business is prepared for potential risks.
Financial Security
Comprehensive Protection
Comprehensive Protection
Helps mitigate the potentially crippling costs associated with cyber incidents, allowing your business to recover more swiftly.
Financial Security
Comprehensive Protection
Financial Security
Assists in meeting regulatory requirements related to data protection and privacy, reducing the risk of penalties.