Cyber Insurance

Let’s face digital threats together – get cyber insurance now.

Why invest into Cyber Insurance?

As a business owner, you understand the importance of protecting your assets and your reputation. But in today’s digital age, cyber threats are a real and growing concern. That’s why cyber insurance is more important than ever.

A single data breach can cripple a business, causing damage not only to your bottom line but also to your reputation and customer trust. The costs of a data breach can include lawsuits, regulatory fines, and the expense of restoring operations and rebuilding customer trust. And that’s not even taking into account the indirect costs, such as lost business and a damaged reputation.

That’s where cyber insurance comes in. It can help cover the costs of a data breach and minimize the damage to your business. But more than that, it can give you peace of mind. Knowing that you’re covered can help you sleep better at night, and it can also give you the confidence to invest in growth opportunities.

Don’t leave your business exposed to the risks of a cyber attack. Invest in cyber insurance and protect your assets, your reputation, and your future.

Why is Cyber Insurance Important?

In today’s digital age, cyberattacks are a very real threat to every business, big or small. The reality is that the majority of cyberattacks happen to small and medium-sized organizations who may not have the same level of security infrastructure and digital safeguards in place as larger companies.

With the shift to remote working, computer systems have become even more vulnerable as sensitive information moves outside the office walls. And without cyber liability insurance, the catastrophic impact of a cyber attack on your bottom line can be devastating.

At our brokerage, we understand that you need to protect your business from these risks. That’s why we specialize in cyber liability insurance, to help you mitigate cyber exposures, reduce your total cost of risk, and give you peace of mind.

Don’t wait for a cyber attack to happen, take action now and protect your business from these threats. With our expert guidance and the right insurance coverage in place, you can be confident that your organization is ready to face any cyber threat and come out stronger.

Cyber Liability Insurance FAQ


The short answer is: yes.

Every organization, from startups through fortune 100 companies, that store or transact data on a network are exposed to rapidly evolving cyber security risk. To put this into context, data privacy attacks now occur every 40 seconds in the U.S. and carry a legally required response and notification practice. The cost of this mandated response can be substantial and that is before you take into account the cost of a public backlash due to data breach.

Organizations that skip securing cyber insurance will be forced to independently fund state and federal fines, penalties, digital forensic investigations, breach notification costs and ensuing class action or third party lawsuits on top of public relations expenses.

Cyber insurance covers a broad array of first-party and post-breach expenses:

  • Privacy attorney legal costs
  • IT forensic investigation services
  • Compliance with state notification laws
  • Credit monitoring for breached individuals
  • Hiring a PR firm to manage the crisis
  • Covering regulatory fines
  • Class action lawsuits resulting from the breach

ZRM is a modern brokerage with extensive cyber liability experience. We have the knowledge and comprehension to understand the risks facing your systems, data, technology stack, and future growth plans. As the cyber liability field continues to evolve, we will empower you to make informed decisions that retain peace of mind.

Some best practices to prevent cyber attacks include regularly updating software and security systems, implementing strong passwords, training employees on cybersecurity best practices, and regularly backing up data. Additionally, businesses should consider hiring a cybersecurity expert or consulting with a cybersecurity firm to assess vulnerabilities and develop a comprehensive security plan.

The cost of cyber liability insurance will depend on the specific coverage, the size of your business, and the level of risk. Premiums can range from a few hundred dollars to tens of thousands of dollars per year.

Speaking with an advisor from ZRM Brokerage can help you evaluate your cyber exposure and secure cost-efficient protection for your exposures and client data.


  • An insured’s employee noticed that the corporate Twitter feed was broadcasting pro-ISIS propaganda.
  • Following a call to the insurance carrier’s hotline and the involvement of external forensic teams, they identified that the corporate website, email system and Twitter feed had been compromised by an ISIS-affiliate or web supporter.
  • The method of intrusion was closed down by the insured’s internal teams, but two weeks later similar postings appeared.
  • The external forensic team then conducted a full system analysis, restoring the security of the insured.
  • Over $80K of forensic costs were incurred by insurers. The carrier continued to provide breach response support post-incident to ensure the insured experienced no disruption to their operations.


  • The insured’s employee clicked on a malicious link which resulted in the downloading of a cryptolocker ransomware—
    malware that encrypts the system it attacks and demands payment to release.
  • Assisted by the carrier and forensic teams, the insured’s internal team was able to restore elements
    of the compromised data, but had to pay over $5,000 in extortion payments using a cryptocurrency.

Compromised Employee Information

  • An insured became aware that a number of its employees were being subject to tax fraud – tax refunds had already
    been secured in their names.
  • Supported by the carrier and external forensic teams, the insured confirmed their systems were secure and the cause was likely an external provider.
  • The carrier provided notification advice and credit monitoring services to the affected employees, with each receiving Experian’s credit protection product for one year.


  • The insured received a lawsuit regarding a trading name they used, indicating it was a violation of a third party’s trademark.
  • Cover was granted under media liability coverage and the carrier were instructed to defend the litigation, which was settled prior to court.
  • The program covered all costs after the retention.

TCPA Claims

  • An insured received class actions in two states for breaches of the federal TCPA law relating to a fax advertising campaign.
  • Their policy immediately responded to these allegations, which due to statutory penalties totaled over $754,000 in exposure to the insured.
  • The defense counsel was able to reduce the settlement of one of the class actions from $350,000 to $5,500, and actively defend the second.
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