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Cyber & ransomware
Standard property and liability policies exclude electronic data losses. This is the policy that covers them.
Start the cyber & ransomware application →- What it covers
- Ransomware negotiation, forensics, and getting systems back up
- Notifying affected customers and paying for credit monitoring, which state law requires
- Defense and fines from a privacy regulator
- Funds lost to a fraudulent wire or invoice — check this one, it's often a sublimit
- What it doesn't cover
- Physical damage to hardware
- Losses from a breach that started before the policy began
- Fraud by your own employees, usually — that's a crime policy
- Typical limits
- $250K to $1M is typical for a small business. Look at the sublimits, not just the headline number.
- Worth knowing
- If you take card payments, hold customer records, or wire money, you have this exposure. The claims we see most are wire fraud and email compromise, not dramatic hacks.
Common questions about cyber & ransomware
What does cyber & ransomware cover?
Ransomware negotiation, forensics, and getting systems back up. Notifying affected customers and paying for credit monitoring, which state law requires. Defense and fines from a privacy regulator. Funds lost to a fraudulent wire or invoice — check this one, it's often a sublimit.
What does cyber & ransomware not cover?
Physical damage to hardware. Losses from a breach that started before the policy began. Fraud by your own employees, usually — that's a crime policy.
What limits are typical?
$250K to $1M is typical for a small business. Look at the sublimits, not just the headline number.
What should I watch out for?
If you take card payments, hold customer records, or wire money, you have this exposure. The claims we see most are wire fraud and email compromise, not dramatic hacks.