Cybersecurity insurance covers the costs of cyberattacks and data breach, including legal representation or recovering important data.

There is two types first-party coverage and second-party coverage.

Most businesses need first-party cyber liability insurance to protect themselves against cyber risks. This is especially important for businesses that handle personally identifiable information (PII span>).

Third-party insurance is required to provide legal protection against lawsuits for companies that are responsible for cybersecurity.

What does cyber liability insurance cover for the first party?

First-party Cyber Liability Insurance, also known as a href=”https://www.insureon.com/small–business-insurance/cyber–liability/data–breach-insurance” title=”What’s data breach insurance?” Data breach insurance covers the costs of a data breach or cyberattack that directly impacts your company.

http://www.insureon.com/small business-insurance/cyber/data-breach insurance” title=”What’s data breach insurance?” This coverage can be added to your/a> general Liability Insurance. This coverage is recommended for professionals who collect sensitive information, such as credit card numbers, from customers.

Cyber insurance that covers the first-party may provide coverage:

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