Coverage
Cyber Liability
Cyber policies pay for breach response, data restoration, extortion payments, business interruption, and liability to third parties after a security or privacy incident.
What a policy usually includes
- Breach response and notification costs
- Ransomware and cyber extortion
- Data restoration and system interruption
- Third-party privacy and network security liability
- Social engineering and funds transfer fraud options
What to watch for
- Most carriers now require multi-factor authentication and backups to bind coverage.
- Funds transfer fraud is often sublimited well below the policy limit.
- Contracts with larger clients frequently require cyber limits in writing.
Related coverage
Kriener Agency is a licensed insurance agency. Coverage descriptions on this site are general summaries for information only and do not amend, extend, or alter any policy. Coverage, terms, discounts, and availability vary by carrier, state, and applicant, and are subject to underwriting approval. Only the issued policy determines what is covered. Submitting a request does not bind, alter, or cancel coverage.
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