Cyber insurance is a type of insurance coverage designed to protect organizations from financial losses resulting from cyber-related incidents. Cyber insurance policies typically cover a range of expenses and liabilities, including legal fees, notification costs, public relations efforts, and regulatory fines. However, this will vary between insurance providers.
The specific coverage and terms of a cyber insurance policy can also vary depending on the organization’s specific risk profile. For this reason, it’s important to conduct a thorough cyber assessment and fortify your cyber policies so you can qualify for optimal insurance.