Insurance to protect your business from cyber risks
Cyber threats are evolving faster than most businesses can respond. A tailored cyber policy helps you stay financially resilient when those attacks succeed.
Financial loss
Cyber solutions designed for your risk profile
Cyber incidents can lead to significant disruption and cost. Financial loss coverage helps protect against the monetary impact of cyber attacks, supporting stability when incidents occur.
Financial loss
Coverage that helps address revenue loss, added expenses, and recovery costs that can follow a cyber event.
Business interruption
Work stoppage protection helps reduce the impact of lost income and added expenses caused by cyber events.
Loss or corruption of data
Protects against the cost of recovering information lost or damaged in cyber events.
Cyber extortion
Provides protection linked to cyber extortion events, including response and recovery efforts.
Reputation recovery
Coverage for the costs associated with managing reputational impact after cyber incidents.
Legal expenses
Helps cover legal costs related to claims, investigations, and regulatory actions following cyber incidents.
Have confidence in your coverage
Complementary solutions create greater value
Make sure that your cyber insurance coverage properly complements your commercial insurance coverage. Gaps in coverage can lead to unforeseen claims.
Learn from our cyber liability experts
- Plan for disruption, not perfection
Plan for disruption, not perfection
"You can’t control third‑party risk, but understanding the differences between OEM and integrator exposure helps you prepare for issues and reduce disruption when things don’t go as planned." - Jen Warman, Senior Client Executive
- Prepare for cyber risk before it hits
Prepare for cyber risk before it hits
"Treat cybersecurity like core municipal infrastructure by investing early in required controls to protect services, maintain insurability, and speed recovery after an incident." - Daniel Tassoni, Senior Client Executive and Municipal Team Lead
- Cyber security starts with your people
Cyber security starts with your people
"Strong staff training, secure vendors, and cyber insurance together help protect booking systems and guest data." - Rachela Pollock, Client Executive, Commercial Insurance
Build cyber resilience before a claim
"Treat cyber insurance as part of your business continuity strategy, not just a policy purchase. Strong cybersecurity controls today help reduce claims, improve insurability, and protect your reputation tomorrow." - Patrick Bourk, Vice President, Cyber & Professional Lines
Don’t rely on controls alone
"Cyber attacks are moving faster than most organizations can respond. Focus on employee training and tested incident response planning — strong cybersecurity controls alone are no longer enough." - Patrick Bourk, Vice President, Cyber & Professional Lines
Discover additional insurance options to consider
- Professional liability coverage
- Crime and social engineering fraud coverage
- Employment practices liability coverage
- Fiduciary liability coverage
- Directors & officers liability insurance coverage
- Intellectual property liability coverage
FAQs about cyber liability
Today’s cyber insurance solutions do far more than respond to a breach — they help businesses stay resilient in an increasingly hostile digital environment.
Coverage can include ransomware, cyber extortion, business interruption, privacy liability, social engineering fraud, regulatory defense, and incident response services, supported by expert legal, forensic, crisis communications, and cybersecurity professionals when every minute matters. The goal is to keep your business running smoothly and reduce financial fallout if your company faces a cyber attack.
Getting started with a cyber liability insurance quotation is straightforward. It
generally starts with sharing a few key items: some basic company information, an overview of your technology and data environment, and details about your cybersecurity controls. This helps us to secure tailored cyber coverage designed to protect your organization’s specific cyber risks.
Cyber liability insurance policies can vary a great deal, and they don’t necessarily all provide the same coverage. In general terms, a standalone cyber liability insurance policy will typically provide protection for five key exposures: ransomware and cyber extortion; protection from data breaches and privacy liability; costs for data forensics and incident response; losses associated with business interruption and contingent business interruption; and network security liability.
There are also exposures that cyber liability insurance does not typically cover. For example, cyber insurance is designed to protect against the loss of data while crime insurance is designed to protect against the loss of money. Since these two exposures often overlap, it is important for all businesses to properly align their cyber and crime coverages. For more details on what cyber insurance does and does not cover, contact your Navacord advisor.
How much cyber liability coverage you need depends on how your organization uses technology and data. Factors like the volume of sensitive information, reliance on digital systems, and potential downtime all play a role in determining the right amount of coverage.
If your business is experiencing a cyber event, it is important to notify your cyber insurer’s claims department immediately, which you can do via us as your insurance broker, and provide them with key details: what happened, when it was discovered, what systems may be affected, and any suspected data impact. It is important not to delay response efforts — it is the time to activate your incident plan. Early notification ensures proper access to breach coach law firms, data forensic incident response experts, and overall coverage support from the outset.
