Cyberattacks and network security breaches by hackers have become increasingly common. Countless companies of all sizes and within every industry are susceptible to viruses, data loss, network damages, and information theft. Traditional insurance policies do not cover these risks.
Cyberattacks are the modern crime and cyber insurance is the best way to protect against it.
No organization is immune to the impact of cybercrime. Although the media commonly reports on breaches affecting large reputable organizations, over 56% of cyber incidents occurs against small businesses. That’s why your EasyCover policy covers Network Security Liability and Privacy Liability that can help protect you in the event that your data or network infrastructure is compromised.
What Does EasyCover’s Cyber Liability Coverage Offer?
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Network Security Liability:
Covers the damages you become legally obligated to pay to third parties arising from failure of your network & information security to prevent the transmission of computer viruses or the penetration of a hacker.
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Privacy Liability:
Covers the damages you become legally obligated to pay to third parties due to a security breach resulting in failure to protect private or confidential information.
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Network Security and Privacy Breach Costs:
Covers the reasonable and necessary costs, including client or vendor notification expenses and identity or credit monitoring associated with responding to a hacking attack or privacy breach. This may include attorneys, forensics, public relations experts or other related expenses or services as outlined in the policy wording.
