Last week we provided several simple questions for you to explore your Cyber Liability exposure. As a follow up, we are presenting an overview of many of the key areas included in a Cyber Policy.
Most standard commercial general liability policies do not cover specific cyber related risks, and thus a separate cyber liability policy is required. Policies for cyber risk are more customized than other risks insurers take on and must be aligned to the business operations. The operations will dictate the type of cyber liability coverage, and the size/scope of the business will play a role in coverage needs and pricing.
The attached document is a brief outline of Third Party (Damage to Others) and First Party (Damage to Your Property) coverage for your reference and review.
If you have any questions regarding this information and would like to discuss further, please give us a call or post in the comments section below.