How do specialized cyber policies complement other business insurance policies to create a more robust safety net?
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How do specialized cyber policies complement other business insurance policies to create a more robust safety net?
Specialized cyber insurance policies complement other business insurance policies by specifically covering risks associated with cyber threats such as data breaches, cyberattacks, and cyber extortion. These policies provide coverage for costs related to investigating incidents, notifying affected parties, legal expenses, business interruption, and restoring data and systems. By integrating cyber insurance with other policies like general liability and property insurance, businesses can enhance their overall risk management strategy and create a more comprehensive safety net against a wide range of potential threats.