What Is Cyber Liability Insurance?

Every type of organization that uses technology to do business, from global companies to mom-and-pop shops, faces cyber risk. As technology becomes more complex and sophisticated, so do the threats that businesses face. This is why every business and organization needs to be prepared with both cyber liability insurance and an effective cybersecurity plan to help manage and mitigate cyber risk. At Travelers, we understand the complexity of cyber threats. We have solutions to help insure and protect your business assets.

Travelers cyber coverage can be a crucial safeguard against the devastating financial consequences of a cyberattack. When you have a CyberRisk policy with Travelers, you also receive access to a variety of risk management resources that can help protect your organization against the threat of a cyberattack.

Cyber liability insurance helps cover costs associated with cyberattacks on your business. Those costs can include such things as lost income due to a cyber event, costs associated with notifying customers affected by a breach, costs for recovering compromised data, costs for repairing damaged computer systems and more. Travelers offers customized insurance solutions depending on your business’s level of risk, with coverage options available to address: 

Does your company collect credit card information (PCI) for online sales or maintain a database of personal information (PII) for lead generation? With new threats to computer systems and data emerging every day, it pays to be prepared. Even if your business or organization has taken steps to maintain the security of your data, you may not be keeping up with increasingly sophisticated threats.

The right coverage your business or organization needs depends on your level of risk. Find the cyber liability coverage that’s right for your organization.