Secure Manufacturing's Future with Exclusive Cyber Insurance Insights

Types of Cyber Insurance Policies

Cyber insurance policies are designed to cover a range of risks associated with cyber threats. The two main types of coverage are:

• First-party coverage: This covers the direct losses your business incurs due to a cyber incident, such as data recovery costs, loss of income, and expenses related to notifying affected parties.
• Third-party coverage: This protects you against claims made by external parties affected by a cyber incident, such as customers or partners suing for damages.

By understanding these options, you can tailor a policy that best suits your manufacturing operations and risk profile.