Cyber Liability Insurance

Keep your online business secure with cyber liability insurance.

What is cyber liability insurance?

Cyber insurance provides coverage if your business is the victim of a cyber data breach involving personal customer information such as addresses, social security numbers, credit card numbers, W-9 forms, account numbers, driver’s license numbers and health records.

Who needs cyber liability insurance?

Organizations that accept payments through a point of sale system, or run a healthcare practice or law office that stores sensitive client or employee information on an online database, it’s likely that your general liability won’t fully cover the consequences of a data breach. Other institutions that might consider purchasing a policy include the following:

  • Online retailers
  • Healthcare providers and hospitals
  • Educational institutions
  • Financial, credit and banking institutions
  • Technology companies
  • Manufacturers and supply chain services
  • Social service organizations

If you aren’t sure if you need cyber insurance, contact a Kunkel & Associates’ agent.

What does cyber liability insurance cost?

Your cost for cyber liability insurance depends on various factors that could affect your potential risk, including:

  • Your type of business
  • The number of transactions each year
  • What information you collect
  • The number of computers or devices
  • The type of security you have implemented

Disclaimer: Statements on this website as to policies and coverages provide general information only. All coverages are subject to terms, conditions and exclusions of the actual policy issued.

Interested inCyber Liability Insurance?