Sometimes.

Cyber-related cover can be included within some IT Liability or technology insurance policies, but the scope varies significantly between insurers.

It should not automatically be assumed to provide the same protection as a standalone Cyber Insurance policy.

What can be included? #

Depending on the policy, cyber-related sections or extensions can respond to matters such as:

• Privacy or data breach liability
• Claims alleging failure to protect client information
• Certain cyber incidents connected with technology services
• Incident response costs
• Business interruption
• Cybercrime
• Data restoration

The available cover, limits and triggers depend on the insurer and policy wording.

IT Liability and standalone Cyber Insurance are different #

IT Liability Insurance is primarily structured around liabilities arising from technology products and professional services.

Standalone Cyber Insurance is generally structured around cyber incidents affecting the insured business’s own systems, operations or information, together with certain third-party liabilities.

A technology policy may combine both, but the individual sections should still be reviewed separately.

Businesses that host data, operate SaaS platforms, develop software, process payments or rely heavily on online systems should pay particular attention to:

• Cybercrime limits
• Social Engineering cover
• Business interruption
• Dependent system failures
• Ransomware and extortion
• Incident response services
• Policy sub-limits
• Cybersecurity conditions

You can also read our information about data breaches.

Contact our team if you would like us to review how Cyber Insurance is structured within your technology insurance program.