Cyber Liability Insurance in San Antonio, TX

As companies increasingly adopt technology and rely on data, they face greater vulnerability to cyber threats. Cyber liability insurance acts as a safeguard, protecting against the financial consequences of such risks.

What Is the Difference Between Cyber Liability and General Liability?

General liability insurance can be crucial for organizations to safeguard themselves financially against legal liability arising from accidents on their premises or due to their operations. It can typically cover claims related to bodily injury, property damage and advertising injury.

While it can offer broad coverage, it doesn’t address losses stemming from cyber incidents. Examples of incidents that may be financially covered by general liability insurance include slip-and-fall accidents, property damage caused by employees and advertising injuries like libel or slander.

Cyber insurance, on the other hand, is specifically designed to financially protect against losses related to cyber threats. As cyber risks become more prevalent, this type of insurance has gained importance. Cyber insurance policies can financially cover a wide range of incidents, including data breaches, data theft, cyber extortion and business interruption. These policies can financially cover damages resulting from cyber incidents and expenses, such as legal fees, notification costs, credit monitoring and public relations. Businesses need to understand these distinctions to better shield themselves against various threats.

How Much Does Cyber Liability Cost?

The following factors can influence the cost of cyber insurance:

• Industry
• Size
• Geographical and remote presence
• Company revenue
• Specific types of coverage

Contact American Eagle Insurance to discuss cyber liability insurance. We can provide a quote for coverage based on your circumstances.