Every company faces cyber risk, no matter their size. But the bigger you are, the more areas of vulnerability you have. We identify the most prominent cyber risks as privacy risk, information risk, and operational risk.
Generally, cyber insurance is designed to protect your company from these primary risks through five distinct insuring agreements: network security, privacy, interruption to your business, media liability, and errors and omissions. In particular, network security and privacy liability can include both first-party and third-party costs. Let’s go into each element and what specific cyber risk it covers.