FAQ Category: Cyber Insurance
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How much cyber insurance coverage do I need?
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Determining the appropriate amount of cyber insurance coverage depends on various factors, such as the size and type of your business, the volume of sensitive data it handles, and the potential impact of a cyber incident on its operations. A tailored cyber insurance policy should align with the specific cyber risks your business faces.
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What does cyber insurance cover?
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Cyber insurance typically may cover a range of expenses related to cyber incidents, including costs associated with data breach response, business interruption, legal fees, and regulatory fines. Additionally, it may include coverage for extortion payments, public relations efforts, and credit monitoring for affected parties, depending on the coverage you purchase.
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Why does my business need cyber insurance?
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Cyber insurance provides a safety net for your business, offering financial protection and support in the event of cyber-attacks, data breaches, and other digital vulnerabilities. It ensures your business can recover and continue operations without facing the full financial burden on your own.