What is a variable annuity and how does it work?

Direct answer

Cyber insurance typically covers the costs associated with data breaches, such as customer notification expenses, credit monitoring services, and legal fees resulting from stolen payment information. It depends on your specific policy, as some plans exclude losses caused by physical hardware theft or human error.

Standard cyber liability insurance policy templates issued by major commercial carriers.


What this means for you

Cyber insurance typically covers the costs associated with data breaches, such as customer notification expenses, credit monitoring services, and legal fees resulting from stolen payment information. It depends on your specific policy, as some plans exclude losses caused by physical hardware theft or human error.

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