Cyber Insurance doesn't cover just businesses—individuals also could benefit
from cyber coverage, outside of identity theft protection.
We all are connected to the internet through our phones, tablets and
computers constantly—any of which could become compromised or targeted
by cybercriminals. While you may have identity-theft protection, additional
coverage can protect you from other types of cyberthreats.
Simply, identity-theft protection through a homeowners policy isn’t
enough—it still could leave you vulnerable if you click a link accidentally
that releases a virus onto your computer, or if you are blackmailed for money. A
personal cyber insurance policy or a cyber liability policy can help you if these types
of cyberthreats happen.
Personal cyber insurance. An example of a cyberattack could include
if a cybercriminal poses as your bank to access your bank accounts. A personal
cyber policy could reimburse you—up to your policy limits—for any loss
associated with the attack.
Another example could be cyberextortion, which is when a
cybercriminal threatens to release personal, sensitive information or
data—or prevents access to personal technology—if a ransom is not paid.
A personal cyber policy could reimburse you the ransom you paid to prevent the
information from being released.
Cyber liability insurance. Cyber liability includes additional protection. It can
cover you if you release a virus onto your computer, if you are sued for something
you said online (e.g., libel) and it could Cyber insurance for your
personal life replace equipment if you become a victim of a ransomware attack.
Not all carriers offer cyber liability or personal cyber insurance. If you are
interested in these coverages, contact our office and we can assist you in getting
you the coverage you need.