Cyber liability
Protection for cyber risk
Businesses of all types depend on computers and other online systems daily, whether to service customers, market products, or accept payments. But this digital world also comes with cyber-related risk— including system failures, privacy breaches, and ransomware attacks, to name a few.
Without the right insurance protection, responding to an event could be devastating to a company’s finances and reputation. Our cyber liability solution, Data Insure, helps protect companies against a variety of network security and privacy exposures resulting from data breaches and other cyber events.
A protective partnership
Solutions for online risk
The fallout from a cyber incident can be significant, costing businesses time, money, and valued customer relationships.
Our Data Insure cyber liability solution provides critical first– and third–party protection, covering financial losses related to:
- Notifying individuals of a data breach and providing credit monitoring services
- Complying with regulatory proceedings, fines, and penalties
- Lost revenue due to network loss
- Restoring data and network equipment
- Paying cyberextortion ransoms
- Lawsuits alleging failure to protect customers’ information due to theft, unauthorized access, viruses, or denial of service attacks of your computer system
- Lawsuits alleging acts such as libel, slander, defamation, invasion of privacy, and copyright infringement
We also offer optional coverages, including:
- System and dependent failure
- Social engineering
- Funds transfer fraud
- Invoice manipulation
- Reputational harm
- Voluntary shutdown
And as cyber risks evolve, you can rely on us to bring the experience, strength, and stability of a Fortune 100 company to every policy.
Expertise that delivers
As the world becomes more digital, businesses face a variety of online threats — any of which can cause significant damage to a company’s finances and reputation.
When you work with us, you benefit from not just the right cyber coverage, but also support when you need it the most. Our underwriters and claims professionals understand cyber exposures across different industries and work together to stay on top of key drivers of cyber risk, including:
- Social engineering
- Ransomware
- Hacking
- Distributed denial of service (DDoS) attacks
This expertise is combined with a customer-centric service approach that keeps your company’s needs top of mind. If issues arise, count on us to help protect your company from the impact of cyber threats.
Better control over claims
After a cyber incident, a prompt response is important. When you need fast action, our claims team is ready to provide a responsive and efficient service experience.
Our claims professionals work closely with the underwriters who develop our insurance programs, so they have a deep understanding of our customers’ operations and the cyber risks they face.
Add ongoing training, highly experienced senior claims leaders, and a culture that promotes proactive decision making and you get professionals who are empowered to resolve claims quickly and with each customer’s best interests in mind.
With our cyber liability solutions, customers can benefit from:
- Dedicated claims teams with in-depth experience investigating, evaluating, and resolving cyber claims
- Rapid response via our Cyber Response mobile app, available for iOS devices and Android devices
- Risk–management, training, and compliance resources through www.IronProCyber.com
- A virtual privacy hotline for chief information security officers
- A 24/7 data breach hotline
Get in touch
Our commercial and specialty insurance products and services are distributed through brokers and agents. If you are interested in our solutions for your business, please contact your agent or broker. If you are an agent or broker, please reach out to our team for more information.
Related insights
This website is intended to be informational. Descriptions are provided only as a summary outline of the products and services available and are not intended to be comprehensive and do not constitute an offer to sell or a solicitation. The products and services described may not be available in all states or jurisdictions. See your policy, service contract, or program documentation for actual terms, conditions, and exclusions. Any inquiries regarding the subject matter set forth herein should be directed through licensed insurance professionals.
Coverage and insurance are provided and underwritten by Liberty Mutual Insurance Company or its affiliates or subsidiaries. When we offer insurance products, we will state clearly which insurer will underwrite the policy. Some policies may be placed with a surplus lines insurer. Surplus lines insurers generally do not participate in state guaranty funds and coverage may only be obtained through duly licensed surplus lines brokers.
