security Policy Overview
The cyber threats faced by all types of companies in today’s digital environment can be devastating. This industry-leading and affordable insurance policy covers first and third-party cyber-related threats and expenses including data breaches, legal defense costs, notification costs, and system disruption and addresses nearly every aspect of a companies total cyber exposure.
warning Key Protected Threats
- Hacking-Related Breaches
- Phishing Attacks
- Employee Breaches & Theft
- Physical Data Theft
- Third-Party Vendor Breaches
- Viruses, Spyware, & Malware
Purchasing commercial insurance is a great start for protecting your small business against risk, but depending on your company’s operations, your policies may vary. Your business is one-of-a-kind – additional policies or add-ons to the one listed below may be necessary to fill coverage gaps. That’s where Layr can help.
bookmark_border Additional Reading
device_hub Coverage Details
Feature | Layr Option A | Layr Option B | Other Companies |
---|---|---|---|
Admitted Coverage | check | check | Maybe |
Instant Approval | check | check | Maybe |
No Underwriting Required | check | check | clear |
Reputable A-Rated Carrier | check | check | check |
Full Prior Acts | check | check | clear |
Limit | $250,000 | $1,000,000 | $100,000 - $1,000,000 |
Deductible | $2,500 | $2,500 | $2,500 |
Waiting Period | 8 Hours | 8 Hours | N/A |
Funds Transfer Fraud | $100,000 | $100,000 | clear |
Telecommunications Theft | $100,000 | $100,000 | clear |
Social Engineering Fraud Loss | $100,000 | $100,000 | clear |
Pre-Claims Assistance | check | check | clear |
Business Interruption & Extra Expenses | check | check | clear |
Business Services Costs | check | check | clear |
Regulatory Defense & Penalties | check | check | Maybe |
PCI Fines & Assessments | check | check | Maybe |
Network & Information Security Liability | check | check | check |
Multimedia Content Liability | check | check | check |
Cyber Extortion | check | check | clear |
Ransomeware Loss | check | check | clear |
Breach Response | check | check | clear |
Fraud Response | check | check | clear |
Crisis Management | check | check | clear |
Public Relations Management | check | check | Maybe |
Reputation Repair | check | check | clear |
Systems Failure | check | check | clear |
Cost of System Upgrades | check | check | clear |
Digital Asset Restoration | check | check | Maybe |
Computer Replacement | check | check | clear |
Bring Your Own Device (BYOD) | check | check | Maybe |
Mental Anguish | check | check | clear |
Get Cyber Liability Insurance Today
Hassle-free business insurance. 100% online. Pay monthly with a credit card.
☂️ Get Covered