Commercial Insurance - RiskCoverage.com

Protecting Your

Business with Commercial Cyber Insurance

Safeguard Your Company’s Digital Assets with Comprehensive Coverage.

Why Get Commercial Cyber Insurance?

In today’s digital landscape, cyber threats are an ever-present danger for businesses of all sizes. Cyber attacks can lead to data breaches, system disruptions, and financial losses. Commercial cyber insurance provides essential protection by offering coverage for various cyber risks, giving you peace of mind and financial security.

What is Covered by Commercial Cyber Insurance?

Our comprehensive commercial cyber insurance policy covers a wide range of cyber risks. This includes, but is not limited to:

Data Breach Response: Coverage for the costs associated with investigating and responding to data breaches, including legal expenses, customer notification, and credit monitoring.
Business Interruption: Protection against financial losses resulting from cyber incidents that disrupt your operations, such as ransomware attacks.

Data Breach Response: Coverage for the costs associated with investigating and responding to data breaches, including legal expenses, customer notification, and credit monitoring.
Business Interruption: Protection against financial losses resulting from cyber incidents that disrupt your operations, such as ransomware attacks.

Cyber Extortion: Coverage for expenses related to responding to cyber threats, including ransom payments or negotiation costs.
Third-Party Liability: Protection against legal claims and expenses if your business is held responsible for a cyber incident that causes damage to others, such as a data breach revealing private customer information.

Cyber Extortion: Coverage for expenses related to responding to cyber threats, including ransom payments or negotiation costs.
Third-Party Liability: Protection against legal claims and expenses if your business is held responsible for a cyber incident that causes damage to others, such as a data breach revealing private customer information.

What is NOT Covered by Commercial Cyber Insurance?

While commercial cyber insurance provides comprehensive coverage, it’s important to note that certain exclusions may apply. Some common exclusions include, but are not limited to:

Pre-Existing Vulnerabilities: Cyber insurance generally does not cover incidents resulting from known and unaddressed security vulnerabilities in your system.
Intentional Misconduct: Deliberate acts or fraud by employees, directors, or contractors are typically not covered.
Acts of War: Cyber attacks related to acts of war or terrorism may be excluded from coverage.

Pre-Existing Vulnerabilities: Cyber insurance generally does not cover incidents resulting from known and unaddressed security vulnerabilities in your system.
Intentional Misconduct: Deliberate acts or fraud by employees, directors, or contractors are typically not covered.
Acts of War: Cyber attacks related to acts of war or terrorism may be excluded from coverage.

Commercial Cyber Insurance Cost:

Factors to Consider

The cost of commercial cyber insurance will vary depending on several factors, such as:

Size and Industry: The scale and nature of your business operations can include the level of risk and, consequently, the premium.
Current Security Practices: Demonstrating robust cybersecurity practices and risk mitigation efforts may lead to more favorable pricing.
Policy Coverage Limits: Higher limits typically come with higher premiums.
History of Cyber Incidents: A history of cyber incidents may impact the pricing and availability of coverage for your business.

Size and Industry: The scale and nature of your business operations can include the level of risk and, consequently, the premium.
Current Security Practices: Demonstrating robust cybersecurity practices and risk mitigation efforts may lead to more favorable pricing.
Policy Coverage Limits: Higher limits typically come with higher premiums.
History of Cyber Incidents: A history of cyber incidents may impact the pricing and availability of coverage for your business.

How To Get Started With Us

Getting started with our commercial cyber insurance is easy:

Customize Your Policy: Tell us about your business and what you’re looking to get out of cyber insurance coverage. From there, select your desired limit, and we’ll provide you with multiple quotes that fit your business’s unique needs.
Stay One Step Ahead: Once you’ve approved your cyber insurance policy proposal, you can get back online with peace of mind that you’re one step ahead of cybercriminals.

Customize Your Policy: Tell us about your business and what you’re looking to get out of cyber insurance coverage. From there, select your desired limit, and we’ll provide you with multiple quotes that fit your business’s unique needs.
Stay One Step Ahead: Once you’ve approved your cyber insurance policy proposal, you can get back online with peace of mind that you’re one step ahead of cybercriminals.