CyberRisk Insurance 

The costs associated with a single cyberattack can be catastrophic. Beyond the financial costs of potential litigation and regulatory defense expenses and the costs associated with mandated notification requirements, there’s also the time involved in defending your company’s reputation and the need for skilled computer forensics teams to determine the extent of a breach and whether private customer information may have been compromised.  

A Travelers CyberRisk policy can help reimburse your organization, subject to applicable retention, for computer forensics experts and may also provide coverage for potential business interruption losses and extra expenses that might occur while you’re in the process of restoring your business.  

Talk to your independent agent about your individual business risks.  

CyberRisk – an important part of your organization’s protection  

CyberRisk insurance provides many solutions with options that include coverage for forensic investigations, litigation expenses associated with the breach, regulatory defense expenses/fines, crisis management expenses, business interruption and cyber extortion. CyberRisk protection doesn't end after a breach occurs. Also available is Betterment – an insuring agreement that provides coverage for costs to improve a computer system after a cybersecurity breach when the improvements are recommended to eliminate vulnerabilities that could lead to a similar breach.