Cyber Liability

Cybersecurity risks are the fastest growing threat to your organization.

What is Cyber Insurance?

As a business owner, you understand the importance of being prepared for any challenge that may come your way. And in today’s digital age, cyber threats are a real and growing concern. At our insurance brokerage, we take cyber risk management seriously, and we believe that success comes to those who are prepared.

Cyber insurance, a specialized form of business liability insurance, provides financial protection to businesses against cyber security risks like data breaches, phishing attacks, ransomware, and social engineering. It offers assistance in restitution of employee and customer identities, recovery of stolen data, restoring damaged systems and networks in the aftermath of an attack.

In today’s business landscape, every organization is at risk for a cyberattack that can have catastrophic impacts to your bottom line. Contrary to popular belief, the majority of cyberattacks occur on small and medium-sized organizations who generally have limited security infrastructure and digital safeguards in place – often without any cyber liability insurance to help them respond. The move to remote working has also made computer systems more vulnerable as sensitive information moves offsite.

Why is Cyber Insurance Important?

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.

Start a conversation with ZRM Brokerage about the best cyber liability solutions today.


The short answer is: yes.

Every organization, from startups through fortune 100 companies, that store 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 which can be substantial – never mind the cost of a public backlash due to data breach.

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

What does a Cyber Insurance policy cover?

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.


  • 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
  • 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.

Why Choose ZRM For Cyber Insurance?

Technology is constantly evolving and it’s vital to stay ahead of the curve. That’s why our team is well-versed in technology and have the capacity to understand the unique nuances of your organization.
From the very beginning, we’ve focused on cyber liability. Our strong relationships with the top cyber liability carriers and wholesale markets in the nation allows us to provide you with the best options and coverage for your specific needs.

How Can You Protect Your Business from Cyber Security Risks?

It starts with evaluating your unique exposures, mitigating risk, and securing appropriate coverage through one of the nation’s leading insurance providers – all while reducing your total cost of risk.

Cyber Liability Resources Available!

Mitigate cyber exposures, reduce your total cost of risk, and secure peace of mind.

We’ll work with you to identify potential vulnerabilities and develop a plan to mitigate them. Whether it’s phishing, malware, or something else, we’ll make sure you’re prepared for any cyber threats.

Ask about resources that can help you better understand the cyber liability risks facing your business today, and how to strategically protect your business for tomorrow!

make informed insurance decisions.

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