Cyber insurance doesn’t cover just businesses—individuals also could benefit from cyber coverage, outside of identitytheft protection.

We all are connected to the internet through our phones, tablets and computers constantly—any of which could become compromised or targeted by cybercriminals. While you may have identity-theft protection, additional coverage can protect you from other types of cyberthreats.

Simply, identity-theft protection through a homeowners policy isn’t enough—it still could leave you vulnerable if you click a link accidentally that releases a virus onto your computer, or if you are blackmailed for money. A personal cyber insurance policy or a cyber liability policy can help you if these types of cyberthreats happen.

Personal cyber insurance. An example of a cyberattack could include if a cybercriminal poses as your bank to access your bank accounts. A personal cyberpolicy could reimburse you—up to your policy limits—for any loss associated with the attack.

Another example could be cyberextortion, which is when a cybercriminal threatens to release personal, sensitive information or data—or prevents access to personal technology—if a ransom is not paid. A personal cyberpolicy could reimburse you the ransom you paid to prevent the information from being released.

Cyber liability insurance. Cyberliability includes additional protection. It can cover you if you release a virus onto your computer, if you are sued for something you said online (e.g., libel) and it could replace equipment if you become a victim of a ransomware attack.

Not all carriers offer cyber liability or personal cyber insurance. If you are interested in these coverages, contact our office and we can assist you in getting you the coverage you need.