Cyber liability coverage is insurance coverage for liability that arises out of unauthorized use of, or unauthorized access to, electronic data or software within your network or business. Cyber liability policies also provide coverage for liability claims for spreading a virus or malicious code, computer theft, extortion, or any unintentional act, mistake, error, or omission made by your employees while performing their job.
The two major types of Cyber Liability Insurance are first-party coverage and third-party defense and liability coverage, both of which are available to you through Midwest Underwriters. First-party coverage offers financial compensation to help you address immediate customer and business needs, such as those that result when your in-house IT network goes down.
Third-party coverage protects you in the event of a lawsuit brought by a customer or partner for a data breach that your business's actions or negligence allowed. Depending on your business's specific needs, you may choose either or both types of coverage.
Some of the policies Midwest Underwriters offers include additional tools and consultation services to help your business continue operating in the event of a security breach by evaluating the extent of the problem, restoring your reputation, and preventing future data breaches.
Feel free to get in touch with us:
phone (313) 884.8600
fax (313) 884.8696
address 19640 Harper Ave. Ste A
Grosse Pointe Woods, MI 48236