Terms & Definitions
Cyber Liability Insurance
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.
Covers the cost to replace computer and electronic hardware that’s rendered inoperable due to failure or purposeful attacks.
Insures against theft of funds or property speciﬁcally stolen by using cyber methods to transfer money or property from the victim.