Internet Liability Insurance (Cyber Liability)

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Internet Liability Insurance Network Security and Privacy Liability (also known as “Cyber Liability”) Cyber liability insurance is an insurance policy that provides businesses with a combination of coverage options to help protect the company from data breaches and other cyber security issues. Protects the Insured against losses for the failure to protect a customer's personally identifiable information (credit card numbers, medical information, passwords,Social Security numbers, account numbers, driver's license numbers and health records. etc.) via theft, unauthorized access, viruses, or denial of service attack. Generally, cyber insurance is designed to protect your company from these primary risks through four distinct insuring agreements: 1-Network security and privacy liability 2-Network business interruption 3-Media liability 4-Errors and omission Here are some examples of such coverages: -Infringement or unauthorized use of any advertising material, copyright, slogan, trademark, etc., through the Internet. -Failure to protect private or confidential information of others from unauthorized access on or through the Internet. -Making known to any person or organization material that violates a person or organization’s right to privacy or publicity right. -Plagiarism or unauthorized use of a literary or artistic format, character or performance through the Internet. -Failure to prevent the transmission of a computer virus to authorized users of a Web site or any private communication networks such as customers, suppliers or supporters, on or through the Internet. The question is who needs cybersecurity insurance? This policy supports businesses of all sizes in the event of a cyber attack. Depending on the risks they face, companies can choose a policy tailored to the data, personal information, and assets they need to protect. Cyber risk insurance helps offset the cost of a breach and augment recovery efforts after the damage has been done. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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