First Party Coverage helps cover expenses when your network is hacked or your data is stolen, and can include coverage for:

• Cyber extortion payments;
• Hiring experts to investigate breaches and assist with regulatory compliance;
• Notifying affected customers;
• Customer credit and fraud monitoring services;
• Crisis management and public relations; and
• Business interruption expenses, such as the cost of hiring additional staff, renting equipment, or purchasing third-party services.

Third-party cyber insurance offers protection when a client sues your company for failing to prevent a breach at the client’s business, and can include:

• Legal defense costs;
• Out of court settlements with clients;
• Judgments you are obligated to pay after a data breach; and
• Other court costs.