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Cyber Liability Insurance - Let us find your best coverage - protection from hacking, ransomware and data breaches
Ransomware, data breaches and wire fraud hit businesses of every size. Carriers now require multifactor authentication, tested backups and endpoint protection before they will quote. Send us a few details and we will shop 50+ carriers for your best rate – no cost, no obligation. Prefer to talk? Call 800-616-3490.
Cyber Liability Quote Request
Applicant Information:
Have these handy
- Number of records you hold (PII, PHI, card data)
- IT vendor or MSP name
- Backup and MFA details
- Revenue and industry
Related coverage
Coverage details
What Cyber Liability coverage includes
Cyber liability covers the costs and lawsuits that follow a data breach, ransomware attack or other cyber event. Small and mid-sized businesses are frequent targets because they often have fewer defenses. A cyber policy pays for forensic experts, legal counsel, customer notification, lost income and, in many cases, ransom negotiation, and gives you a response team to call on day one.
- Ransomware and extortion - Negotiation, payment and recovery after an attack.
- Business interruption - Lost income while your systems are down.
- Breach response - Forensics, legal, notification and credit monitoring.
- Privacy liability - Lawsuits and regulatory fines after a data breach.
- Data restoration - Rebuilding systems and restoring lost data.
- Social engineering - Losses from fake invoices and spoofed emails that trick staff into sending money.
- Breach response team - Access to a hotline of lawyers, forensic and PR experts.
Good to know: multifactor authentication on email, remote access and admin accounts is now required by nearly every carrier. Without it, most will decline.
Not covered: infrastructure failures, war, prior known breaches, and improvements to your systems beyond restoring them.
Insurance Application:
Cyber Liability
Required forms
Cyber Liability Supplemental Application (PDF)
Related supplements (add any that apply)
Professional Liability (E&O) (PDF)
Download, complete and email to info@societiesinsurance.com, or attach them with your quote request. More options are listed below.
Contact details
Prefer to talk?
- Toll-Free: 800-616-3490
- East Coast: 706-550-4418
- West Coast: 206-755-0101
- info@societiesinsurance.com
- Mon-Fri 8:00am - 6:00pm, Sat 9:00am - 12:00pm
Cyber explained
How cyber insurance works
Cyber policies have two parts: first-party coverage for your own costs, and third-party coverage for claims brought by others.
Ransomware and extortion
Negotiation, payment where lawful, and recovery costs.
Breach response
Forensics, legal counsel, notification letters and credit monitoring.
Business interruption
Lost income while systems are down.
Data restoration
Rebuilding systems and recovering data.
Privacy liability
Lawsuits from customers, employees or partners whose data was exposed.
Regulatory defense
Defense and, where insurable, fines from regulators.
Call before you pay. If you are hit by ransomware, contact your carrier's breach hotline before paying or wiping systems. Acting without the carrier can jeopardize coverage.
Underwriting
What carriers look for
Security controls
- Multifactor authentication on email, remote access and admin accounts
- Offline or immutable backups tested regularly
- Endpoint detection and response software
- Timely patching and supported operating systems
- Employee phishing training
- Verification procedures for payment and banking changes
What affects your rate
- Industry and annual revenue
- Number of records you store, especially health and payment data
- Prior incidents
- Security controls in place
- Limits and retention chosen
Verify every payment change. Most funds transfer fraud starts with a spoofed email asking to update bank details. A call-back to a known number stops most of these losses.
Related options
Coverage that pairs with cyber
Start with the cyber application, then consider related coverage.
Related coverage
Professional Liability (E&O)
Errors in professional services.
Get a quote Supplemental application (PDF)Identity Theft / Personal Cyber
Personal cyber for owners and families.
Get a quote Supplemental application (PDF)This is a general overview. Coverage, availability and pricing vary by state, carrier and policy, and the policy itself controls. Questions? Call 800-616-3490.