ArticleTechnology
Tech E&O and Cyber: Why SaaS Companies Need Both
Technology errors and omissions and cyber insurance protect against different failures. For SaaS companies, gaps between them are where claims fall through.
3 min read
Business Insurance/
Cyber Insurance Insurance
Defense against data breaches, ransomware, and cyber threats. Essential protection for any business that handles data.
Key Features
What cyber insurance insurance covers.
Data breach response
Ransomware coverage
Business interruption
Cyber extortion
Regulatory defense
Privacy liability
Coverage Details
What's included.
Data Breach Response
Covers forensic investigation, notification costs, credit monitoring, and PR expenses following a breach.
Ransomware & Extortion
Coverage for ransom payments and costs to restore systems after ransomware attacks.
Business Interruption
Lost income and extra expenses when cyber events force you to halt operations.
Privacy Liability
Defense and settlement costs for claims arising from data privacy violations.
Who Needs This
Is cyber insurance insurance right for you?
Cyber Insurance insurance is essential for businesses that want to protect against specific risks in their operations. Here's who typically needs this coverage:
All businesses handling customer data
E-commerce companies
Healthcare providers
Financial services
SaaS companies
Professional services
FAQs
Common questions.
Does cyber insurance cover ransomware payments?
Most cyber policies include coverage for ransom payments, though carriers increasingly require strong security controls as a condition of coverage.
What security requirements do I need to get coverage?
Requirements vary by carrier and risk profile. Common requirements include MFA, endpoint protection, and backup procedures.
Does my general liability policy cover cyber incidents?
No, CGL policies typically exclude cyber-related claims. A dedicated cyber policy is needed for comprehensive protection.
Industries We Serve
Cyber Insurance coverage for your industry
Explore other coverage types
Insights
Reading on cyber insurance
GuideCyber
What Cyber Insurance Actually Covers for Canadian Businesses (and What It Doesn't)
Ransomware, business interruption, breach notification and the security controls insurers now expect before they will quote.
4 min read