Liability InsuranceCommercial Cyber Risk

Commercial Cyber Risk

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Cyber Risk Insurance

A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event. Cyber insurance typically covers expenses related to first parties as well as claims by third parties.

Key Benefits

-   Data Breach Coverage.

-   Business Interruption Loss Reimbursement

-   Cyber Extortion Defense

-   Forensic Support

-   Legal Support

-   Coverage Beyond a General Liability Policy


-   Data breach and privacy management:

The insurance company covers the costs associated with the management of an incident related to cyber-crime. The covered expenses here include the cost of:

-   Investigation

-   Data subject notification

-   Call management

-   Remediation

-   Credit checking for data subjects

-   Legal costs

-   Court attendance and regulatory fines

-   Multimedia and media liability cover:

This insurance covers the third-party damages including specific defacement of website and intellectual property rights infringement.

-   Extortion liability cover:

The cyber insurance policy also covers the losses due to a threat of extortion and the professional fees related to dealing with the extortion.

-   Network Security liability:

This may include the third-party damages as a result of the denial of access, costs related to the theft of data on third-party systems etc.

In some cases, some of the cyber liability covers may overlap with other policies like professional indemnity, but a decent cyber insurance policy always ensures that the cyber risks are adequately catered for.


-   Dishonest or improper conduct of the insured which led to the claim

-   Physical injury caused due to cyber attack

-   Property damage caused by cyber attack

-   Unsolicited communications by the policy holder

-   Mechanical failure, standard depreciation, electrical disturbance and media failure or malfunction

Why Choose PrishaPolicy

5 Reasons why you should choose us to be your policy issuing partner of choice. Allow us to tell you why we are one of the fastest growing insurance brokers.

Customer-Centric Culture

For us, you always come first. Our products and services are designed to find the best coverage for all.

A Decade of Market Leadership

Our teams expertise and experience makes them the perfect guides in choosing a policy that fits your needs.

Reliable and Consistent

Rest assured that everything will be taken care of without a glitch. From shortlisting to claims processing & delivering promises without a hitch.

Guided Policy Assistance

Our experts are forever ready to assist you through each policy detail with a fine-tooth comb.

Claims Assistance

Our DNA prompts - Sales is incomplete without timely support. From start to end, we facilitate smooth processing from lodging to settlement.

Still Thinking About It?

Get on a call with us. We take pride in being associated with you for competitively managing your risks with the best insurance covers and delivering a stress-free experience.

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Questions You Might Have

General liability vs. workers' compensation insurance

Both general liability insurance and workers' compensation are distinct but related. Both programmes serve various functions but are intended for business owners and contractors. Because they are interconnected, it is recommended that contractors implement both policies in order to run a successful business.

What is not covered in a liability insurance policy?

  • Any deliberate attempt to violate legal or legitimate provisions.
  • Property damage sustained by the insured. Also, if the property is leased or financed in the insured's name.
  • Loss or destruction caused by a conflict, raid, civil war, rebellion, insurgency, or military strike.
  • Any loss or damage caused by radioactivity, ionising radiation, nuclear waste, or hazardous explosions, whether direct or indirect.
  • Do I need Public Liability insurance?

    This is up to you to decide, as it is not a legal requirement. If you regularly interact with the public, clients and contractors, however, it is highly recommended. Even if you're taking all measures possible to avoid them, accidents do happen, and a legal battle ensuing one could be highly damaging to your business if you don't have the means to face it.

    Does Public Liability insurance cover my employees as well?

    No, public liability is not designed to cover your employees - it is only intended to protect you from third party claims made by members of the public. Your employees will be covered by the mandatory employers' liability insurance policy you need to have in place to protect them from workplace accidents or illnesses.