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Doc Summary
Usually not to the same extent as a standalone Cyber Insurance policy.
Some Management Liability policies may contain a limited cyber, privacy or data-related extension, while others may contain no meaningful Cyber cover.
A limited extension should not be assumed to provide the same protection as separate Cyber Insurance.
What can standalone Cyber Insurance cover? #
Depending on the policy, cover can include:
- Incident response
- Forensic IT costs
- Data recovery
- System restoration
- Cyber extortion
- Ransomware incidents
- Business interruption
- Privacy liability
- Network security liability
- Regulatory investigations
- Notification costs
- Certain cybercrime or Social Engineering losses
Limits, sub-limits, waiting periods, cybersecurity conditions and exclusions vary.
There can also be overlap between Management Liability, Crime and Cyber policies for some events.
The policies should therefore be reviewed together to understand which section is intended to respond.
Contact our team if you would like us to review how Cyber risk is treated within your insurance program.
General Advice Warning:
The information on this page is general in nature and does not
take your personal circumstances into account. You should consider
whether it is appropriate for you and seek professional advice
before making any decisions. For tailored advice, please contact
Webber Insurance Services.
