Cyber Liability Insurance
Protect your business and your clients from a cyber security breach with cyber liability insurance. Mobile phones, social media, and online professional tools are integrated in daily business practices — and so are the risks. Information stored in the cloud is accessible to hackers as well as to you.
Without proper cyber liability coverage, a security breach could expose your business to lawsuits, data repair costs, reputation damage, and significant financial losses. Mason & Carter, Inc. in Baltimore, Maryland can help you protect your business.
The professionals at Mason & Carter, Inc. in Baltimore, Maryland will help you build a cyber liability program appropriate for your business.
Cyber liability insurance helps your business recover from a data breach or cyberattack. It covers the costs of responding to an incident as well as your liability to customers and others whose information is exposed.
First-Party Coverage
Pays your own costs after an incident, such as breach notification, credit monitoring for affected customers, forensic investigation, data restoration, and, on many policies, cyber extortion and business interruption.
Third-Party Coverage
Covers your liability when others are harmed by a breach of data you held, including legal defense and settlements.
What is cyber liability insurance?
It helps cover the costs of a data breach or cyberattack, including incident response, data recovery, and liability to people whose information was exposed.
What does cyber liability insurance cover?
Typical coverage includes breach notification, credit monitoring, legal and forensic costs, and data restoration. Many policies also address ransomware and business interruption.
Does my business need cyber coverage?
Any business that stores customer data, accepts electronic payments, or relies on computer systems faces cyber risk, regardless of size.
Isn’t my general liability policy enough?
No. General liability policies typically exclude data breaches and cyber events, which is why a dedicated cyber policy is important.
Why buy cyber liability through an independent agent?
As an independent agency, Mason & Carter, Inc. represents many carriers, so we can compare cyber coverage for your operations and risk, with personal, local service.
Cyber Liability Insurance — Coverages Can Include:
-
Data breach response costs -
Customer notification expenses -
Legal defense & settlements -
Credit monitoring services -
Ransomware / extortion -
Business interruption losses -
Reputation management -
Regulatory fines & penalties
Contact Mason & Carter, Inc. in Baltimore, Maryland to discuss cyber liability insurance options for your business.