Cyber liability insurance provides coverage for a range of emerging exposures from damaged computer systems, to loss of data, to copyright infringement.

However, the key to presenting the need for cyber liability to most business owners and risk managers is centered around 3 things:

1. The number of confidiential records they manage
2. The cost of responding to a breach
3. The cost of restoring operations due to downtime

The number of confidential records represents the size of the risk. Confidential records include the sensitive data that attract hackers and thieves. The more records, the more data, the more risk and the greater the cost of handling customer notification, public relations, IT recovery, and legal issues.

The next few screens break it down for you and your clients.