Every business, from world-wide organizations to mom and pop shops, face cyber risk and need a cyber insurance policy. Cyber threats can be complex and hard to mitigate, especially as technology becomes more and more advanced, which is why you need the proper policy in place.

As technology advances, so should your cyber policy.

With a comprehensive cyber liability policy, you can feel confident you’re covered in case of data breaches and related issues, including but not limited to:

  • Data compromise protection to cover employee and customer information if your data should ever be hacked, stolen (physical and electronic), or corrupted.
  • Legal cost protection
  • Forensic services
  • Personal services for any persons affected.
  • Public relations costs paid for firms to review and respond to the potential impact of the data compromise
  • Costs of legal defense in an event that the company is sued due to the breach

Working with a MartinoWest expert is the best way to make sure your cyber policy is comprehensive and covers your business.

What is Cyber Liability insurance?

A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage, is a financial product that enables businesses to transfer the costs involved with recovery from a cyber related security breach or similar events.   

What is Cyber Liability insurance?

Cyber liability insurance typically covers:

  • Data loss, recovery, and recreation
  • Business interruption/loss of revenue due to a breach
  • Loss of transferred funds
  • Computer fraud
  • Cyber extortion

It protects businesses from losses from computer-related attacks, such as malware, phishing, ransomware, or if a laptop with confidential information on it is stolen.

Cyber liability insurance is important. At minimum, cyber liability insurance helps companies comply with state regulations that require a business to notify customers of a data breach involving personally identifiable information. Policies can also cover:


  • Indemnification for legal fees and expenses
  • Customer notifications in the event of a breach
  • Option to monitor the information of anyone impacted for a specified period
  • Costs incurred in the recovery of compromised data
  • Costs for repair of damaged computer systems