Protect Your Business With Cyber Liability Insurance

What Is cyber liability Insurance?

Cyber liability insurance is a type of insurance coverage designed to protect organizations from financial losses and liabilities arising from cyberattacks, data breaches and other cyber-related incidents. It helps organizations manage and mitigate the costs associated with recovering from a cyber incident. Cyber liability insurance policies typically offer protection for first-party and third-party losses, business interruption, network security liability, privacy liability and regulatory compliance. This insurance is crucial in the digital age to help organizations navigate the increasingly complex and evolving landscape of cyber threats.

Who Needs cyber liability Insurance?

Cyber liability insurance is essential for any organization that handles sensitive customer information and operates in the digital realm. It is particularly crucial for organizations that store personal data, process online transactions or depend on technology for their day-to-day operations. Whether your organization is big or small, cyber liability insurance provides financial protection against the potential devastating consequences of cyberattacks.

What Kind of Events Does Cyber Liability Insurance Cover?

This type of insurance typically includes coverage for expenses incurred due to data breaches, including forensic investigations, legal fees, customer notification, credit monitoring and public relations efforts. It can also provide coverage for losses resulting from a cyber incident, such as revenue loss and additional expenses incurred during the downtime. Additionally, cyber liability insurance often extends coverage for cyber extortion, ransomware attacks and expenses related to data restoration, system recovery and reputational damage.

Why choose Church Mutual for cyber liability insurance?

At Church Mutual, we’re committed to specialized, comprehensive coverage that protects your people, property and mission.

• Expertise with purpose-driven organizations
  ‍We’re aware of the unique risks and challenges purpose-driven organizations face when it comes to cybersecurity. With years of experience serving churches, nonprofits, schools, camps and more, we have a deep understanding of the specific needs and vulnerabilities within this sector.
• Prioritizing your peace of mind
  ‍When your organization suffers a data breach, our first concern is you. In the event of a breach, it is our mission to proceed in a way that upholds your confidence.
• Risk management resources
  ‍We provide valuable risk management resources to help purpose-driven organizations strengthen their cybersecurity practices and mitigate potential risks. We offer educational materials, training programs and best practices guidance to help your organization proactively enhance its cyber defenses and prevent incidents.  
• Award-winning claims team
  ‍In the unfortunate event of a cyber incident, we’re known for our responsive claims handling process, which was given an ‘A’ grade by the industry’s leading analyst. Our award-winning team will guide you through the process efficiently, ensuring a smooth and timely resolution and providing the support you need during a challenging time.