Cyber Insurance For Contractors
Every business is at risk of attack by cyber threat actors. That includes construction contractors.
Basic cyber insurance covers:
– Cyber event response costs
– Liability to third parties
– 24/7 incident response support
– $250,000 maximum total cover
– $2,500 excess
– 30 days business interruption cover (after the first 8 hours)
Advanced cover (recommended) includes the basics plus:
– Criminal financial losses, including:
– Cyber theft
– Invoice hacking (push payment theft)
– Socially engineered theft