Audience
Cyber Liability Insurance platform for companies
About NASW
Cyber Liability Insurance is a must if you keep your client data on your computer, your cell phone, or your office files. Even if you use a third-party company, such as a warehouse, a mover, or data storage provider, you can be held responsible for data breaches caused by them. A cyber liability policy safeguards you and your practice. Plus, policyholders can add an Optional First Party Breach Endorsement – additional coverage for client data breaches caused directly by you or your office staff. The additional premium for this optional coverage starts at $20 per year for NASW members. It covers your office workers of these classes: secretary, receptionist, and administrative clerical worker. The Optional First Party Breach Endorsement is highly recommended if you would like additional coverage support for any current HIPAA coverage held on an NASW RRG professionals liability insurance policy.
Other Popular Alternatives & Related Software
The Hartford
When you run a small business, you face many physical risks, like property damage and injuries. But your business also faces risks that come from using technology. These include everything from data breaches to hacking. To protect against those risks, many businesses add cyber insurance to their business insurance policies. Cyber insurance can offer broad coverages to help protect businesses from various technology-related risks. At The Hartford, we offer two different cyber insurance policies: cyber liability insurance and data breach insurance. Data breach insurance helps your business respond to breaches and can offer enough protection for small business owners. Cyber liability insurance is typically meant for larger businesses and offers more coverage to help prepare for, respond to and recover from cyberattacks.
Learn more
Travelers
Every type of organization, from global companies to mom and pop shops that use technology to do business, face cyber risk. As technology becomes more complex and sophisticated, so do the threats that businesses face. This is why every business and organization needs to be prepared with both cyber liability insurance and an effective cyber security plan to manage and mitigate cyber risk. At Travelers, we understand the complexity of cyber threats. We have solutions to help insure and protect your business assets. Cyber liability insurance is an insurance policy that provides businesses with a combination of coverage options to help protect the company from data breaches and other cyber security issues. It's not a question of if your organization will suffer a breach, but when. Travelers cyber insurance policyholders can also access tools and resources to manage and mitigate cyber risk — pre-breach and post-breach.
Learn more
AIG
Data and analytics to understand your cyber risk. Proactive services to address vulnerabilities. Coverage when its needed. Cyber liability insurance covers the financial costs associated with a breach, as well as first party costs including event management, data restoration, financial costs to third parties, network interruption, and cyber extortion. Covers losses in the physical world caused by a cyber event, including primary coverage for business interruption, first and third party property damage, physical injury to third parties, and products/completed operations coverage. Insureds receive detailed scoring, analysis, and benchmarking reporting that will help them better understand their cyber maturity and coverages. Basic reports are also available for applicants, even if they do not bind coverage.
Learn more
Embroker
Embroker helps you get cyber liability insurance to cover both first and third-party financial losses resulting from data breaches and other cybercrimes that may compromise sensitive company and customer information. A cyber insurance policy, also referred to as “cyber risk insurance” or “cyber liability insurance” coverage, is a financial product that enables businesses to transfer the costs involved with recovery from a cyber-related security breach or similar events. Typically, the most important aspect of cyber insurance will be network security coverage. This coverage will respond in the event of a network security failure – such as data breaches, malware, ransomware attacks and business account, and email compromises. However, the policy will also respond to liability claims and ancillary expenses of an attack or breach.
Learn more
Integrations
No integrations listed.
Company Information
NASW Assurance Services
Founded: 1979
United States
naswassurance.org/cyber-liability-insurance/
Videos and Screen Captures
Other Useful Business Software
AI-generated apps that pass security review
Retool lets you generate dashboards, admin panels, and workflows directly on your data. Type something like “Build me a revenue dashboard on my Stripe data” and get a working app with security, permissions, and compliance built in from day one. Whether on our cloud or self-hosted, create the internal software your team needs without compromising enterprise standards or control.
Product Details
Platforms Supported
Cloud
Support
Phone Support
Online
