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Types of Cyber Insurance Coverage

Cyber insurance policies typically offer two main types of coverage: first-party and third-party. First-party coverage includes costs directly incurred by your business, such as data recovery, business interruption, and public relations efforts. Third-party coverage, on the other hand, protects against claims made by clients or partners affected by a cyber incident at your business. It's crucial to understand the specific needs of your business to choose the right coverage. Many insurers offer customizable policies, allowing you to tailor coverage to your unique risks and requirements.