Some typical first-party coverages include:

Incident response costs: The legal fees and expenses associated with computer forensics, breach notification, and identity monitoring when a security breach occurs.
Cyber extortion: Money (or cryptocurrency) paid as a result of threats made to destroy data, attack a computer system, or disclose electronic computer information.
Business interruption: Loss of income and expenses to restore operations as a result of a computer system disruption caused by a virus or other computer system attack. Contingent business interruption is available to provide coverage when such a computer system disruption occurs to a third-party service provider, such as a website hosting company, rather than to the insured's own network.
Fraud: Loss of money or securities as a result of computer fraud, funds transfer fraud, or social engineering.

Typical third-party coverages include:

Network and information-security liability: Coverage for claims arising from unauthorized access to data, failure to provide notification of a data breach when required by law, or transmission of a computer virus from the insured's network.
Communications and media liability: Coverage for claims arising from copyright infringement, defamation, libel, or slander in electronic content.
Regulatory defense expenses: Coverage for claims by government agencies as a result of network and information security liability or communications and media liability.

More recent additional cyber protections include:

System failure: Extends business interruption coverage to computer system disruptions caused by any unintentional or unplanned outage of a computer system, not only those caused by viruses; and
Reputational harm: Lost profits to an insured resulting from damage to its reputation caused by a data breach.

Some policies will even cover the cost of replacing the actual computer systems impacted by malware. Not every insurer offers that protection; Coalition is one that does. Depending upon the size of your operation, it maybe wise to consult your broker or insurer to inquire about availability.

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