Skip to Main Content Back to Top Let's Talk
Home Business Insurance Commercial Coverage Cyber Liability Insurance

Cyber Liability Insurance

Protecting your business today from the threats it may face tomorrow.

Business Woman Taking Notes On Device (2)
Higginbotham H ogo

Spotlight on: Cyber Insurance

If your organization conducts e-commerce, has a website or stores sensitive electronic information on the cloud, we recommend exploring cyber insurance coverage.

Whether you use your business computers to send and receive emails, process payments, store customer data, generate business intelligence, calculate taxes or a myriad of other uses, there’s many avenues that can lead to a potentially devastating data breach.

Cyber liability insurance helps protect you against liability related to communicating or conducting business online. Industries most frequently targeted for network or data breach include retail, technology, financial service and health care companies, but no business is off limits. And every business, large or small, has unique risk exposure.

Understanding Cyber Security Insurance

Corey Huey, a Cyber Security Specialist with Higginbotham, unpacks the critical cyber insurance and risk management strategies every business owner should know. Help your business stand fortified against virtual threats with cyber liability insurance from Higginbotham.

Why Higginbotham? Because sophisticated risks deserve sophisticated solutions.

At Higginbotham, we stand behind you so you can move ahead.

Employee owned and customer inspired, we start with listening and end with tailored insurance solutions designed to fit your needs. Our approach is more individual and less institutional. By making policies personal, we help you worry less and accomplish more.

Because while cyber threats keep evolving, you can have peace of mind knowing that your cyber liability insurance keeps pace.

To learn more about how our values-based approach creates value for you and your business, click here.

Or visit our Insights page to learn more about different insurance coverages.


Need a partner in finding cyber coverage insurance? We’re here to help.

Making sure you have the most effective insurance plan can be daunting. Not with us in your corner. With our nationwide network of insurance carriers and decades of experience, we’ll get you the custom coverage you need.

Request a QuoteLet’s Talk

Cyber Insurance Coverage Essentials

Regardless of the nature of your business, almost all business computer systems contain sensitive data.

Storing this sensitive data can make you vulnerable to cyber-attacks. Not only can a cyber breach put your business at risk by opening the door to identity theft and other financial crimes, it can also create serious legal liability if customer data is compromised.

If customer data stored on your business computers is stolen in a cyber-attack, you can be held legally liable for any consequential damage they incur.

In light of the recent uptick in high-profile cyber thefts perpetrated in the U.S., more businesses are investing in cyber liability coverage to help mitigate their cyber risk.

What does cyber liability insurance cover?

While the coverage provided by each cyber policy can vary based on several factors, here are a few examples of threats it is designed to address.

Intellectual Property Theft

Computer Virus Transmission

Regulatory Fines and Penalties

Malware Attacks

Covered Claims

While the costs of direct remediation, such as restoring lost data and informing your customers, are included as first-party coverages, legal defense for lawsuits and other potential tertiary damage claims are processed as third-party coverage.

In the aftermath of a covered claim, your cyber liability policy can help with these costs.

Restoring or Replacing Lost Data

Notifying Affected Parties

Reimbursing Lost Income

Lawsuit Legal Defense

Repairing Reputation

Extortion Payments

Fines and Penalties

Credit Monitoring

Does my small business really need cyber liability coverage?

You may think cyber-attacks are only a threat for large enterprises and multinational businesses, but small businesses are actually the most likely to be targeted.

Perhaps because small business owners typically employ less robust cybersecurity protocols and may lack awareness of the cyber risks they face, small businesses represented around 64% of the total number of U.S. victims in recent years.

With the average cost incurred by U.S. cyber-attack victims at $8.19 million, the need for cyber liability insurance is clear. Though most cybercriminals target businesses in the health care, retail, technology and financial services sectors, there are recent examples of victims in almost every industry.

If your business processes credit card or ACH transactions, stores patient medical information, works with social security or driver’s license numbers, collects personal customer information or sells cybersecurity services, you need cyber insurance.

Even if you don’t fall into one of these categories, the risk of a cyber-attack is far too great to ignore.

Higginbotham H logo

Does my general liability policy include cyber liability coverage?

In most cases, general liability insurance does not include cyber liability coverage.

Because there is no tangible bodily injury or property damage to remedy in the aftermath of a cyber-attack, these perils are often excluded from a general liability policy.

A cyber-attack can cost much more than the data lost in the breach. Data breaches can open the door for a wide range of secondary attacks and residual damages, putting your reputation and financial security in jeopardy.

Cyber liability coverage is quickly becoming one of the most sought-after commercial insurance coverages.

Don’t leave your organization’s cyber security to chance.

Learn how Higginbotham can help your business mitigate cyber risks while protecting your operations with cyber liability insurance.

Risk Management Services

At Higginbotham, we take a consultative approach to customer service and risk management.

Whether you have a single policy, a commercial package or many insurance policies covering multiple locations and risks, we take the time to understand your unique needs so we deliver the best coverage at the best price available.

But we don’t stop there.

Our work continues 365 days a year. We have a Day Two Services® team that works in tandem with our risk management specialists to deliver year-round value.

From help with compliance to safety audits and claims advocacy, our Day Two Services® team helps you mitigate risks, avoid costly claims and better position your operations so you can focus on what matters most: growing your business.

Higginbotham H logo

Not sure where to start? Talk to someone who wants to listen.

A great plan starts with a conversation. Let’s talk about what you need.

Talk to a Cyber Liability Specialist

Request a Quote