Terms & Definitions

Cyber Liability Insurance

Business Interruption

Cyber business interruption covers the net profit earned before taxes that would have been earned had there been no interruption in your business due to a cyber event.

Business Interruption Waiting Period

A predetermined amount of time that must lapse before any loss or expenses are considered covered by business interruption insurance.

Bricking

Covers the cost to replace computer and electronic hardware that’s rendered inoperable due to failure or purposeful attacks.

Computer Fraud

Insures against theft of funds or property specifically stolen by using cyber methods to transfer money or property from the victim.

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