Cyber Liability Insurance in Massachusetts

Cyber liability policies typically include various property and crime coverages. They also cover individual costs. Your liability policy may have the following.

• Loss or damage to electronic data: Coverage for the losses caused by damage, theft, disruption, or corruption of electronic data (including third party data).  
• Loss of income or extra expenses: Coverage for loss of income due to a shutdown or extra expenses incurred to avoid a shutdown in relation to a covered event. Additional coverage includes losses due to computer shutdown or covered physical damage.
• Cyber extortion losses: Coverage for expenses you incur in response to threats from a hacker 
• Notification costs: Coverage for the cost of notifying parties affected by a data breach, related legal expenses, and follow-up services for affected customers
• Damage to your reputation (crisis management): Coverage for public relations costs to repair your reputation after a data breach
• Third-party liability coverages: Coverage for damages or settlements and defense costs related to covered claims
• Network security liability: Coverage for lawsuits against you due to a data breach or the inability of others to access your system
• Network privacy liability: Coverage for lawsuits alleging that you failed to properly protect data on your computer system
• Electronic media liability: Coverage for lawsuits against you like libel, slander, defamation, copyright infringement, and invasion of privacy, resulting from you publishing electronic data on the internet
• Errors and omissions liability: Coverage for errors or omissions that arise out of professional services related to computers or technology