Cyber Liability Insurance is a comprehensive insurance solution for companies that collect, store or process personal data, providing coverage against cyber-attacks and physical data theft.

Insurance against the risk of security breaches including malicious activity in IT systems or loss of data, is critical to the smooth operation of a company. Cyber insurance covers both direct losses suffered by the insured and the liability of the company to its customers and contractors for their losses.

Coverage under this insurance includes the following risks:

• Professional liability for damages caused by failure to perform duties;

• Liability of creators, publishers and distributors of multimedia forloss based on  intellectual property/copyright infringement/defamation/etc.
• Loss of data and failure of computer system;
• Breach of confidentiality;
• Cyber-attack;
• Network security;
• Costs of participation in litigation;
• Legal expenses for claims;
• Costs associated with loss of reputation and retaliatory cyber countermeasures;
• Liability for outsourcing; coverage for destroyed, damaged, lost or deleted documents, etc.

The covered risks and limits of liability under this insurance are negotiated individually, depending on the client’s requirements.