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