Cyber Liability Insurance
For design and construction firms, a cyber incident can disrupt operations, compromise project data, and impact client relationships. Cyber Liability insurance is designed to address certain first-party and third-party losses arising from covered data breaches, ransomware events, and network security incidents, subject to the terms, conditions, exclusions, and limitations of the policy issued.
Coverage structure varies depending on firm size, data exposure, revenue profile, and security controls.
1
Network Security & Privacy Liability
Policies may include coverage for claims arising from unauthorized access, data breaches, transmission of malware, or failure to protect confidential information, subject to policy definitions and exclusions.
2
Incident Response & Breach Costs
Coverage may apply to certain expenses associated with responding to a covered cyber event, which can include forensic investigation, legal review, notification costs, and public relations services, depending on the carrier and form.
3
Ransomware & Digital Asset Exposure
Some policies may address ransomware-related payments, data restoration, and system recovery costs, subject to underwriting approval and applicable sublimits.
4
Business Interruption
Cyber policies may include coverage for loss of income resulting from a covered network interruption, subject to waiting periods, policy limits, and coverage triggers.
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