Cyber Liability Insurance
Critical protection against the fastest-growing threat to modern businesses. Hackers no longer just target massive corporations; small and mid-sized businesses are now the primary targets for cyber attacks because they often have fewer security resources. A standard commercial policy will not cover a digital breach.
Why it might fit your Wize Plan
Data Breach Response
If customer or employee data (like credit cards or Social Security numbers) is exposed, this covers the massive costs of IT forensics, mandatory client notification, and providing credit monitoring services.
Ransomware & Extortion
Provides the immediate capital and expert negotiators required if a hacker locks down your critical systems and demands a ransom to release them.
Digital Business Interruption
Just like a physical fire, if a cyber attack forces your operations to grind to a halt, this coverage replaces your lost net income and ongoing expenses while your systems are restored.
Regulatory Fines & Third-Party Lawsuits
Covers the legal defense and settlements if a client sues you for exposing their data, as well as penalties levied by regulatory bodies for failing to protect consumer information.