What Cyber Liability Insurance Covers?Some standard business insurance policies, such as a Business Owners Policy (BOP), may provide coverage for certain types of cyber incidents. For instance, if you lose electronic data as a result of a computer virus or hardware failure, your insurance may pay recovery or replacement costs. To extend coverage for a fuller range of cyber liability risks, you will need to purchase a stand-alone cyber liability policy, customized for your business. This type of policy can cover several types of risk, including:
Loss or corruption of data.
Business interruption.
Multiple types of liability.
Identity theft.
Cyber extortion.
Reputation recovery.
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