Cyber Liability Insurance
Protect your business from damage caused by cyberattacks and data breaches.
Protection from Cyberattacks & Data Breaches
In today's digital age, safeguarding your business against the ever-present threats of cyberattacks and data breaches is paramount.
At Manna Insurance, we fully understand the evolving risks and complexities faced by businesses in the digital realm.
Whether you run a small e-commerce store or a large corporation, we can tailor a policy that precisely fits your unique cybersecurity needs, and you can operate without the constant worry of cyber threats affecting your operations or reputation.
So what coverage do I need?
Protecting Your Digital Assets in Today's Interconnected World
Data Breach Coverage
Data Breach Coverage helps you respond when your customers' sensitive data, like credit card numbers or personal information, gets exposed due to a cyberattack or accidental breach. It covers the cost of notifying affected individuals, credit monitoring, and public relations efforts to protect your reputation.
Privacy Liability
Privacy is paramount in the digital age. This coverage steps in when someone accuses your business of failing to protect their privacy. It covers legal defense costs and any settlements or judgments related to privacy breaches.
Cyber Extortion and Ransomware
Cybercriminals love to play hardball. This coverage comes to the rescue if hackers hold your data hostage and demand a ransom. It helps cover the ransom payment and any expenses incurred during negotiations.
Social Engineering Fraud
If an employee is tricked into transferring funds or sensitive information to cybercriminals, this coverage can help recoup the losses.
Third-Party Liability
Sometimes, your business might be held responsible for a cyber incident affecting a client or partner. This coverage helps protect you in such situations, covering legal costs and potential settlements.
Business Interruption
When a cyberattack disrupts your operations, Business Interruption Coverage steps in and covers lost income and extra expenses incurred during the downtime, helping you get back on your feet.
Media Liability
This coverage helps protect your business if you're accused of copyright infringement, libel, or slander due to your online content or advertising efforts.
Cybercrime Coverage
Cybercriminals are getting craftier. Cybercrime Coverage provides financial protection if your business falls victim to fraudulent electronic funds transfers or theft of your clients' funds due to a cyberattack.
Regulatory Fines and Penalties
When regulators come knocking, this coverage helps cover the fines and penalties your business might face for failing to comply with data protection laws.
Crisis Management
Crisis Management Coverage covers the costs of hiring PR firms and experts to manage your business's reputation during and after a cyber incident.
Data Restoration
If your data is compromised, this coverage assists in recovering and restoring lost or corrupted data, minimizing downtime.
Ways to Save on Cyber Liability Insurance
Implement robust cybersecurity protocols, including regular system updates, employee training, and data encryption, to reduce the risk of cyber incidents. Insurers often offer lower premiums to businesses with strong cybersecurity practices.
Cybersecurity Measures
Review and customize your cyber liability insurance policy to match your specific business needs and risk profile. Ensure that you're not over-insured and that your coverage aligns with your industry, size, and potential cyber threats.
Regular Review
Conduct regular cybersecurity risk assessments to identify vulnerabilities and weaknesses in your digital infrastructure. Demonstrating a commitment to risk management can lead to lower insurance costs.
Risk Assessment
Frequent Questions About Cyber Liability Insurance
Insurance can be complicated and confusing. We’re here to help answer your most common questions about cyber liability insurance coverage.
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Cyber Liability Insurance is a policy that provides coverage for financial losses related to data breaches, cyberattacks, and other digital threats. It helps businesses recover from the financial impact of cyber incidents.
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Businesses need Cyber Liability Insurance to protect themselves from the growing risks associated with data breaches, cyberattacks, and the potential legal and financial consequences of these incidents.
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No, Cyber Liability Insurance is relevant for businesses of all sizes. Small and mid-sized businesses are increasingly targeted by cybercriminals, making this coverage essential for safeguarding their operations.
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Yes, many Cyber Liability policies include coverage for ransom payments in case of cyber extortion or ransomware attacks. It can cover the ransom amount and related expenses.
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While not directly covering loss of reputation, Cyber Liability Insurance often includes coverage for public relations and crisis management expenses to help mitigate reputational damage after a cyber incident.
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Cyber Liability Insurance is primarily designed to provide financial protection after an incident occurs. It doesn't prevent cyberattacks but can encourage businesses to implement better cybersecurity practices to reduce their risk.
More Coverage Options
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Employment Practices Insurance
Protect your business from costly employment-related claims and ensure a safe and inclusive workplace for your employees.
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Excess Liability - Umbrella Insurance
Go above and beyond. Protect your business assets with coverage that extends beyond your primary insurance policies.
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General Liability Insurance
Protect your company from potential legal and financial repercussions resulting from third-party claims and ensure the longevity and reputation of your business.
Kind Words from Our Customers:
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Ciarra Flint
★ ★ ★ ★ ★
Kyle and Jen are incredible! They walked me through the whole process and were so patient with all of my questions and fully explained everything to me! Thank you so much!
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AJ Johnson
★ ★ ★ ★ ★
The entire staff at Manna Insurance is personable and professional. Rare these days. We are very satisfied with our new policies. We highly recommend Manna!
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Emily Kooistra
★ ★ ★ ★ ★
Last year my home suffered some roof damage due to wind storms. Daniel and Kailey were quick to offer help in any way. Both went above and beyond in communicating with the insurance company to ensure that I was taken care of quickly and efficiently. I would highly recommend Manna Insurance to my family and friends!
Welcome to the Family
As a Manna Insurance customer, you are not just a number to us. We see you as part of our family and all that goes with being part of the #MannaFam.