Property & Casualty — Commercial
Cyber Insurance
Cyberattacks don't just threaten data — they threaten your entire business.
Cyber insurance protects businesses from the financial consequences of data breaches, ransomware attacks, and other cyber incidents. As threats grow more sophisticated and data regulations more stringent, cyber coverage has become an essential component of any commercial risk management program — for businesses of every size and industry.
What's Covered
- First-party breach response — forensics, notification, credit monitoring, public relations
- Ransomware and extortion payments (where legally permissible)
- Business interruption losses from network outages and system downtime
- Data restoration and system recovery costs
- Third-party liability for failure to protect customer or employee data
- Regulatory defense and penalties (including GDPR, HIPAA, and state privacy laws)
- Social engineering and funds transfer fraud losses
Why It Matters
The average cost of a data breach now exceeds $4 million. Ransomware attacks have shut down hospitals, manufacturers, and logistics companies for weeks. Small and mid-sized businesses are disproportionately targeted because they often have fewer security controls than large enterprises. A cyber policy ensures you have the resources and expert response team you need when — not if — an incident occurs.
Common Questions
Does my general liability policy cover cyber incidents?
Standard CGL policies have moved to explicitly exclude cyber-related losses. Some 'silent cyber' coverage may linger in older policies, but it's unreliable and shrinking. A standalone cyber policy is the only way to ensure comprehensive, dedicated protection.
What is a cyber incident response plan?
Many cyber policies include access to a pre-approved panel of forensic investigators, legal counsel, PR firms, and breach notification vendors. This means you don't have to figure out who to call in the middle of a crisis — your insurer has already vetted the team.
What does underwriting look for in a cyber application?
Carriers evaluate your security controls — multi-factor authentication (MFA), endpoint detection, patch management, employee training, and backup practices. Strong controls lead to better pricing and terms. We'll help you understand what insurers expect and how to position your business favorably.
Ready to get covered?
Talk to one of our advisors about the right policy for your situation. No pressure, no jargon — just honest guidance.