Cyber risk is commonly defined as the potential of loss or harm related to technical infrastructure or the use of technology within an organization.
Cyber Insurance can be essential in helping your company recover after a data breach, with costs that can include business disruption, revenue loss, equipment damages, legal fees, public relations expenses, forensic analysis and costs associated with legally mandated notifications.
Terrorism insurance policy covers damaged or destroyed property associated with a terrorist attack which include buildings, equipment, furnishings and inventory. It may also cover losses associated with the interruption of your business. And also cover liability claims against your business.
This type of insurance works by insuring you against your buyer failing to pay, so every invoice with that customer is covered for the insurance year up to the terms of your policy. It's used by businesses of all sizes to protect both international and domestic trade.
