Coverage · 06

Cyber & Privacy. Modern operating risk.

Cyber is no longer a tech-company concern. Email compromise, ransomware, and privacy regulations apply to every business that takes payments, holds customer data, or has employees with inboxes.

What it is

Cyber insurance covers first-party costs (breach response, ransomware payments, business interruption, data restoration) and third-party liability (privacy claims, regulatory fines, and customer notification obligations). It is the single fastest-evolving line in commercial insurance — yesterday's form rarely covers today's threat.

What it covers

Breach response

Forensics, legal, notification, credit monitoring, and PR for a confirmed breach.

Ransomware & extortion

Ransom negotiation, payment (where legal), and recovery support.

Business interruption

Lost income while systems are offline due to a covered cyber event.

Regulatory & privacy

Defense and fines from privacy regulators, plus third-party lawsuits.

Common gaps we catch

  • Social engineering / funds transfer fraud written with sublimits as low as $50K
  • Ransomware coverage capped well below typical demand range
  • No coverage for systems hosted in third-party cloud (SaaS contingent BI)
  • Missing or weak war / nation-state exclusion language
  • Inadequate retroactive date excluding prior network compromise

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