Smple Insurance

Protecting Your Business in a Digital World

Cyber threats don’t just target large corporations. Small and mid-sized businesses are increasingly at risk of data breaches, ransomware attacks, and cybercrime. Cyber Liability Insurance helps protect your business from the financial and operational impact of these events.

At Smple Insurance, we help businesses understand their cyber exposure and secure coverage that responds when technology-related risks turn into real-world losses.

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What Is Cyber Liability Insurance?

Cyber Liability Insurance provides coverage for losses and liabilities resulting from data breaches, cyberattacks, and technology failures. These incidents can disrupt operations, compromise sensitive information, and create legal and regulatory exposure. Cyber liability coverage is designed to respond to both first-party losses (your business) and third-party claims (customers, vendors, or other affected parties).

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What is Covered?

Cyber insurance is generally divided into two main categories:

1. First-Party Coverage (Your Own Costs)

• Data Breach Response: Costs for forensic investigations, legal advice, and notifying affected customers.

• Ransomware & Extortion: Covers ransom payments (where legal) and the specialized experts needed to negotiate and recover data.

• Data Restoration: Costs to repair or replace damaged software and digital records.

• Business Interruption: Replaces lost income if a cyberattack forces you to shut down your operations.

2. Third-Party Coverage (Costs from Others)

• Privacy Lawsuits: Covers legal defense and settlements if customers sue you for failing to protect their data.

• Regulatory Fines: Helps pay for penalties from government agencies (like those related to HIPAA or state privacy laws).

• Media Liability: Protects against claims of online libel, slander, or copyright infringement.

Smple Insurance helps ensure your policy aligns with how your business uses technology—not just a generic checklist.

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What Cyber Liability Does Not Cover

• Future Profits: Does not cover the potential money you might have made if your reputation hadn't been damaged.

• System Upgrades: Won't pay to buy a better security system after a breach—only to restore what you had.

• Intentional Acts: No coverage if an owner or high-level executive purposefully causes a breach.

• Physical Property: Damage to actual laptops or servers is usually covered by Business Property Insurance, not Cyber.

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Cyber threats aren’t a matter of “if,” but “when.” Make sure your business is prepared.

Contact Smple Insurance today to request a cyber liability insurance quote and protect your business from today’s digital risks.

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Disclaimer: Coverage details, limits, and exclusions may vary by policy. The information provided is a general overview and does not represent all the terms, conditions, or exclusions of any specific policy. For complete coverage details, including limitations and exclusions, please refer to the actual policy or consult with one of our agents at Smple Insurance.