Frequently Asked Questions about Cyber Liability Insurance

What types of businesses should consider cyber liability insurance?

Businesses of nearly any size may face cyber risks if they use email, accept electronic payments, operate a website, or store customer, employee, medical, or financial information. A Texas insurance agent can help evaluate a company’s operations and available options.

Can cyber insurance help after a data breach?

Cyber insurance may provide coverage for certain expenses involving investigation, notification, data restoration, legal assistance, or other response services. Available protection depends on the policy and circumstances of the breach.

Does cyber liability insurance cover ransomware attacks?

Coverage may be available for certain ransomware-related losses, but requirements, restrictions, and exclusions vary. Insurance companies may also evaluate a business’s security controls when determining eligibility.

Can cyber insurance cover lost income after a cyberattack?

Cyber business interruption coverage may help address certain income losses and additional expenses following a qualifying cyber event. Waiting periods, calculation methods, and covered events vary by policy.

Is cyber liability included in general liability insurance?

Cyber incidents are often limited or excluded under standard general liability policies. Businesses should not assume they have cyber protection without reviewing their policies with an insurance professional.