A Complete Solution For Cyber Liability Insurance
Cyber Insurance is an insurance policy that protects your business from losses resulting from a cyber event that causes harm to either the business itself, third parties, or both. These events include data breaches due to hackers actively trying to gain access to a database, unintentional malware, user error, cyber extortion, misuse of website and/or intellectual property infringement. Cyber insurance covers both first and third party damages up to a certain limit, and in rare cases these policies include no retroactive date ,which means coverage is valid to the first day of business- not the first day of the policy. This is important because most breaches aren’t discovered for weeks, months, or even years after they have occurred. ECBM is proud to say that it is one of a small group of brokers who has access to no retroactive date cyber insurance policies.
To learn more about what types of damages and expenses a Cyber Insurance policy covers in the event of a security breach, click here.
