Definition

Covers claims made by employees related to workplace issues. It protects your business from costs arising from employment disputes.

What to consider

  • Understand the types of cyber incidents covered.
  • Review limits and deductibles.
  • Assess your overall cyber risk profile.

Real world scenarios

  • A tech company purchased cyber risk insurance to cover costs associated with data breaches.
  • An online retailer secured cyber risk insurance to protect against ransomware attacks.
  • A financial firm used cyber risk insurance to mitigate losses from cyber incidents.

Related terms

Insurance & Financial Protection