The following are examples of the types of losses that cyber incident insurance can typically cover*:
| Ransomware & Cyber Extortion | Negotiating with the extortionists and payment of ransom to decrypt or return access to your computer system, data or website. |
| Privacy Breach Response Expenses | Costs for computer professionals to determine the cause and extent of the breach, breach response advice, costs to notify affected people, providing credit or identity monitoring to affected people. |
| Business Interruption | Loss of profits caused by data breaches, ransomware, and malware. |
| Posting Content Online | Liability coverage for multimedia content posted online, such as videos, streaming, webcasts, social media posts, vlogs and blogs to protect against accusations of negligence causing libel, slander, defamation, copyright infringement, misappropriation of ideas and plagiarism. |
| Credit Card Processing Fines | Covers fines or fees that credit card companies may assess against you to cover their costs of fraud recovery, card reissuance, notification to card holders due to a breach of your computer security, such as a hacker accessing stored credit card information. |
| Funds Transfer Fraud | Reimbursing you after someone pretending to be you requests funds to be transferred from you, such as by e-transfer, and into the fraudsters account. |
| Crisis Management | Costs to mitigate the damages due to an actual or imminent publication of a data breach, such as PR or crisis management consultants. |
| Reputational Harm | Loss of profit due to the adverse publication about a security failure, data breach, or cyber extortion. |
| Data Restoration | Costs to replace, restore or recreate data or software after a security breach. |
| Lawsuits | Related to privacy breaches and other computer security failures. |
*All coverages are subject to the limits and sub-limits included in the actual policy, and the usual terms, conditions, exclusions, and warranties of the insurance company. More detailed coverage information and a firm price will be provided with a quote.
