A Cyber liability insurance policy helps in responding and mitigating losses that follows after an event of a cyber attack or a data breach. It also covers all legal claims resulting from the breach. Any business that stores sensitive data in the cloud or on an electronic device is recommended to have cyber liability insurance.
Cyber insurance is most essential in the following circumstances:
Cyber insurance covers First Party as well as Third-party damage.
First Party Coverage:
Third Party Coverage:
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