1. What is cyber liability coverage?
Coverage for a data breach in which someones personal information is exposed or stolen by a hacker or other criminal who has gained access to a business’s records and other electronic information

2. What does cyber liability protect my business from?

• Liability claims involving the unauthorized release of information for which the organization has a legal obligation to keep private
• Claims alleging personal injury and intellectual property violations
• Claims alleging computer security failures
• Defense costs from lawsuits related to cyber or web data related cases
• Prior Acts Coverage
• Data Restoration
• Loss Control Services
• Business Interruption

3. What are some recommendations for buying cyber insurance?

• Indentify unique risks
• Understand your coverage
• Buy what you need and not based on your budget
• Secure appropriate limits and sublimits
• Beware of exclusions
• Get Retroactive Coverage
• Evaluate Data Restoration costs

4. What does retroactive coverage mean and why is this important for cyber insurance?
A retroactive date eliminates coverage for claims produced by wrongful acts that happen before a specified date. Certain cyber liability policies may be able to cover prior acts coverage.

5. Here is a cyber attack map that illustrates the number of cyber attacks that happen on a given day: http://map.norsecorp.com