Cyber

Cyber insurance helps a business return to pre-loss conditions after a cyber incident occurs. These events often involve a hacker or cybercriminal stealing or exposing sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver’s license numbers, and health records.

Marsh McLennan Agency cybercrime coverage assists with incidents involving data breaches anywhere in the world. These include cyberattacks on data held by vendors and other third parties and attacks on your network. Cybercrime coverage includes reputation-based income loss, cyber extortion, data restoration, network interruption or extra expense, and more.

Proactively protect your organization from various types of cybercrime, ransomware attacks, or cyber risk by choosing from our wide selection of cyber insurance policies.

In the cyber world, a ransom is a fee demanded by the cyber criminal in exchange for them to release your data back to you safely. Ransomware protection is often covered as part of a cyber liability insurance policy, so there is no standard policy to assist your business with paying large ransoms. Every attack or data restoration process is unique, depending on the cyber insurer.

However, many cyber insurers are increasingly offering standalone coverage that may be useful to businesses in industries most in need of this type of cyber defense.

Talk to one of our cybersecurity and cyber insurance and liability coverage specialists to see if ransomware protection is a viable and necessary solution for your business.