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New risks and high-profile data breaches have more companies looking to buy cyber liability coverage in a market that's giving them more bang for their cyber buck.

Because cyber liability coverage and state and federal legislation constantly change to address risks of an increasingly mobile world, navigating the market and convincing clients they need cyber coverage are difficult.

As cyber risks increasingly become a top-of-mind issue for a wide spectrum of businesses, the market for policies is wide openand the competition intense.