Cyber liability insurance

Cyber Liability Insurance

Data breaches and cyber attacks aren't just problems for huge corporations—Lubbock businesses of all sizes face threats from hackers, ransomware, phishing schemes, and employee errors that expose customer data. Cyber liability insurance covers the costs of responding to data breaches, notifying affected customers, defending against lawsuits, and recovering from cyber attacks that could otherwise destroy your business.

Your policy typically covers forensic investigations to determine what data was compromised, legal costs for defending against lawsuits or regulatory actions, and notification costs when you're required to inform customers about breaches. If your business stores customer payment information, health records, or personal data, you face potential liability under Texas and federal laws when that data is exposed. Notification requirements alone can cost thousands or tens of thousands depending on how many people are affected.

Business interruption coverage pays for lost income when a cyber attack shuts down your operations. Ransomware attacks can lock you out of your systems for days or weeks while you work to recover data and restore operations. Your policy helps cover the income you lose during downtime and may cover ransom payments, though policies vary on whether they'll pay hackers directly.

Third-party liability covers claims from customers or business partners whose data was compromised through your systems. If your business is the entry point for a breach that affects others, you could face lawsuits seeking damages for identity theft, fraud, or other consequences. First-party coverage handles your direct costs, while third-party protection shields you from liability claims. We'll help you assess your business's digital risks, understand what different cyber policies cover, and find protection that matches your technology dependence and data exposure without overpaying for coverage your business doesn't need.