Staffing Firms Leverage Elite Cyber Insurance Solutions Now

Exploring Types of Cyber Insurance Coverage

When considering cyber insurance, it's essential to understand the different types of coverage available. Generally, policies can be divided into first-party and third-party coverages. First-party coverage includes costs that your business directly incurs, such as data recovery and business interruption. Third-party coverage, on the other hand, covers claims made against your business by clients or other third parties affected by a cyber incident.

Some advanced policies also offer additional coverages, such as social engineering fraud, which protects against losses from deceptive tactics used by cybercriminals to manipulate employees into divulging confidential information or transferring funds.