Cyber Liability Insurance

Cyber Liability Insurance Quote Forms

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Cyber Liability Insurance Information

L Squared offers Cyber, Privacy and Data Breach Insurance for Professionals. Cyber Coverage is usually broken down into 2 general categories, 1st and 3rd Party Coverage. Some of the features that these policies are covering are:

  • 1st Party Coverage
    • IT Forensics
    • Notification & Call Center Costs
    • Credit Protection & Crisis Management
  • 3rd Party Coverage
    • Liability due to breach of Personally Identifiable Information (PII)
    • Negligent protection of data
    • Network Security Breaches
    • Transmission of Software Viruses
    • Denial of Service Attacks
    • Regulatory Actions related to a Breach
    • PCI Fines and Penalties
    • Multimedia (online content coverage)
    • Cyber Extortion
    • Cyber Business Interruption
    • Hacker Damage
    • Cyber Crime

The average costs associated with cyber insurance are all over the board with some carriers charging 1000% more than other carriers. Generally, for a small solo attorney or accountant, premiums are going to start around $125 for the year. Larger firms can expect to pay somewhere in the range of $2000-$10,000.

Many people think that their general liability or E&O policy will provide coverage for data breach, but often times these policies have no or little coverage for a critical event for a small or midsized firm. Don’t risk your business for a policy that can cost less than a Netflix subscription.

Get a Quote for Cyber Insurance Now!