Cyber Insurance offers two types of coverage: first-party and third-party. First-party coverage includes a company or persons own damages from covered cyber losses. Third-party coverage offers protection when a customer or partner sues you for allowing a data breach to happen.
Cowbell’s coverage delivers financial protection and coverage for the wide range of cyber incidents that impact businesses nowadays, including network incidents, email scams, ransomware attacks, cybercrime, social engineering and more.
Security Breach expense: Coverage for losses and incident recovery expenses such as forensic investigation or customer notification
Extortion Threats: Coverage for costs associated with ransoms related to cyber intrusions into business systems
Replacement or restoration of data: Coverage for the costs to replace or restore data or programs in the aftermath of an incident
Loss of Business Income: Coverage for losses and costs associated with the inability to conduct business due to a cyberattack
Public Relations Expenses: Coverage for the costs to hire a public relations firm to restore reputation follow a cyber incident
Security breach liability: Coverage of costs, if liable, incurred by customers and other third parties due to a cyberattack
Computer and funds transfer fraud: Coverage for the losses associated with a fraudulent transfer of money, securities, or other property
Social engineering: Coverage for losses associated with social engineering incidents
Ransom payments: Coverage for the reimbursement of ransom payment to a third party to resolve an extortion threat
Post Breach remediation: Coverage for labor costs to remediate security weaknesses identified by an independent security firm
Hardware replacement costs: Coverage for the cost to replace destructed or corrupted equipment after a cyber incident
Telecommunication Fraud: Coverage for the cost of unauthorized use of the insured’s telephone system following a cyber incident
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