NEXT is now ERGO NEXT Insurance, uniting digital-first innovation with Munich Re's global financial strength. Protection from data breaches, ransomware and digital attacks Choose your primary industry to get started: Offices & Professionals Food & Beverage Retail & E-Commerce Other Industries What is Cyber insurance? What can Cyber Liability Insurance cover? Data breach costs Ransomware and cyber extortion expenses Business interruption if you’re forced to close Legal defense costs and settlements How much is Cyber Liability insurance? Starts at just $4/month † Buy online in about 10 minutes, and cancel anytime. Who needs Cyber Liability insurance coverage most? Businesses that take credit card payments Any small business that stores sensitive client data Businesses that use POS systems Any business that uses digital tools or cloud software Cyber insurance could help protect your business from the costs of If personal or customer data is stolen or leaked, data breach insurance could help.** Ransomware (cyber extortion) A hacker locks your system or demands payment. Business interruption A cyber attack or system failure shuts your business down. Brand and reputation support B ad publicity can directly result from a covered incident to bring down a small business. Legal and regulatory protection You need an attorney to defend your business if a customer or regulator takes action after a security breach. How much does Cyber Liability insurance cost? ERGO NEXT cyber liability insurance starts at $4 a month† for some low-risk businesses when added to your general liability policy or $15 a month when added to your professional liability insurance. Several factors influence the price you’ll pay for insurance, including: Your business operations The size of your business Where you do business The level of coverage you choose The sensitivity of your data Your cybersecurity practices Your claims history How do I get Cyber Security insurance? Tell us about your business In about 10 minutes you’ll see your exact price for general liability or professional liability with added cyber insurance coverage. Customize your coverage Adjust your policy limits and deductibles to pick the right coverage at the right price. Buy 100% online Your coverage is effective immediately after payment. And your certificate of insurance is ready at no extra cost. Who needs Cyber insurance for small business? Professional service providers If you’re a professional service provider like a consultant , software developer or accountant , your services run on information and reputation. If a cybercrime exposes confidential client data like financial information and contacts, cyber security insurance can be an important component of your small business risk management strategy — and could help with response, legal costs and reputational harm. Retail stores and online sellers Even a small payment system breach could cost thousands for your retail shop or online store . Cyber insurance could help protect you from the costs of cybercrimes like payment card data theft, POS malware and online hacks. Restaurants and food service A single tech outage or data theft can halt payment processing and bring business to a standstill at your restaurant, bakery or other food and beverage business . Cyber insurance could help you recover quickly and get back to work. Cyber Liability insurance FAQ Get answers to the most frequently asked questions about cyber liability insurance. Is Cyber Liability insurance required by law? Cyber liability insurance may be required in your state. Regulatory frameworks like the California Consumer Privacy Act (CCPA) require organizations to have high standards of data privacy. In addition, some professional organizations require coverage before issuing you a work license or permit. And some clients may ask for proof of cyber liability or other business insurance before they’ll work with you. What can Cyber Liability insurance cover? 1. Cyber liability insurance could help cover the costs of a data breach response. If a hacker gains access to your network and customer data is stolen or leaked, insurance could help pay for: IT and legal investigations Customer notification Credit monitoring or identity protection services 2. Cyber extortion/ransomware attacks. Data held hostage by bad actors demanding payment can mean interruption of your company’s computer systems, permanent loss of data or reputational damage to your brand. If a security failure disrupts your business, you may qualify for lost income and expenses under your insurance policy. If a hacker locks your systems or demands payment, ERGO NEXT could help with: Ransom payments (covered only with prior written consent and law-enforcement notification) Negotiation and investigation costs 3. Business interruption income. Cyber coverage could help replace lost income and pay extra expenses to keep your business running if a cyber attack or system failure shuts you down. 4. Legal defense costs , including settlements and some regulatory penalties. 5. Brand and reputation support. Coverage could help pay for reputation support if bad publicity directly results from a covered data breach or cyber incident. What’s typically excluded from Cyber Liability insurance? ERGO NEXT cyber insurance does not cover physical property damage, bodily injury or intentional criminal acts. It also does not cover known events or system failures that occurred before a policy period began. Specific exclusions include: Intentional or criminal acts by you or your employees. Bodily injury or property damage (but these could be covered under your general liability policy). Known incidents before the policy start date. War or state-sponsored cyber operations.

Failure to maintain required security standards (for example, PCI DSS noncompliance). Dependent system failures (such as a vendor’s cloud outage). Patent infringement or trade secret theft. Mass global outages or “widespread events” affecting many businesses simultaneously. How much Cyber Liability insurance coverage do I need? The coverage you need depends on a number of factors, including: The type of work you do. How many employees you have. Your business’s level of risk. The state where you work. If you rely on technology and email communications, you could be at risk of a wide range of cyber threats. Will Cyber Liability insurance cover ransom payments if I get hacked? Cyber liability insurance could help cover the cost to restore your data if a hacker encrypts your business data and won’t unlock it until you pay a ransom. A ransomware attack can mean a total interruption of your company’s computer system, permanent loss of data or reputational damage to your brand. If a security failure such as a Denial of Service attack (DoS) disrupts your business, you could qualify for lost income and expenses. Can Cyber insurance cover data breach claims? Cyber liability could cover the costs of a data breach or phishing incident if a hacker gains access to an employee’s email or creeps into your network. This could include expenses such as: Forensics and PR costs following a breach. Researching and notifying customers. Credit monitoring. Regulatory penalties resulting from the breach. Other miscellaneous incident response tasks. Is data breach insurance the same as Cyber Liability insurance? Data breach insurance generally refers to coverage for expenses resulting from the loss or exposure of sensitive information. Cyber liability insurance is a broader term that could provide more expansive cyber protection for a wide range of covered cyber incidents beyond just data breaches. For example, data breach insurance coverage could help with expenses such as investigating a breach, notifying affected customers and providing credit monitoring. Cyber insurance coverage could also help with other covered risks, including ransomware, cyber extortion and business interruption. Do small businesses really need Cyber insurance? Small businesses may need cyber insurance if they rely on digital tools or store sensitive customer information — which these days describes most small businesses. They could face significant recovery costs if they experience a data breach, ransomware attack, phishing scam or other covered cyber incident. Cyber insurance for small businesses could help with expenses such as data recovery, customer notification, legal costs and lost income after certain covered events. Small business cyber insurance can be especially useful for businesses that accept credit cards, use POS systems, store customer data or rely on cloud-based software. Is Cyber Liability insurance tax deductible? Your general liability or professional liability insurance with a cyber liability insurance add-on can typically be deducted from your business taxes. It’s important to consult with a licensed accounting professional to make sure you qualify. The IRS categorizes payments you make for this type of insurance to be an “ordinary and necessary” business expense. Be sure to keep a file of how much you pay every year for your policy. Learn how to write off the cost of business insurance . Why choose ERGO NEXT for Cyber Liability coverage? We specialize in small business insurance. ERGO NEXT focuses on the most common digital risks for your business. Financial protection. Cyber security coverage could help cover costs to recover and defend your business from many cyber incidents. Flexible coverage. You choose the right level of protection for your business with limits up to $250,000. Instant coverage. Get a quote, buy your policy and get proof of insurance immediately. Quick claim response. File a claim and your dedicated claims advocate will help you resolve it ASAP. 100% online. Manage all your policies via web or mobile app 24/7. How do I get Cyber Security insurance coverage? Cyber risk insurance is available as an add on with ERGO NEXT general liability or professional liability coverage. You can get coverage 100% online in about 10 minutes. And get your certificate of insurance immediately after payment at no additional cost. Start a free, no-obligation quote to see options and an exact price customized for your business. You can adjust the coverage limits to work with your budget. And your insurance will begin immediately after payment. If you have questions, our licensed, U.S.-based insurance professionals are available to help. Can I buy Cyber Liability insurance as a standalone policy? No. ERGO NEXT offers cyber liability insurance as an add-on to general liability or professional liability insurance rather than as a standalone cyber insurance policy. You can get a quote online to see available coverage options and pricing for your business. How does Cyber Liability insurance work? Cyber liability insurance is often also referred to as cyber insurance, cybersecurity insurance or cyber risk insurance. At ERGO NEXT, you can add cyber liability insurance to your general liability insurance or your professional liability insurance policy. (Note that professional liability coverage can also be called errors and omissions insurance, or E&O, depending on your profession.) When will I get my policy and proof of insurance? It takes about 10 minutes to get a quote, buy coverage and get access to policy documents and your sharable certificate of insurance (COI) . You can access your documents and COI 24/7 online or in the ERGO NEXT app for iPhone or Android . How do I make a Cyber Liability insurance claim? You can file a claim anytime online or in the ERGO NEXT app. You’ll be asked to share the details of what happened and to provide relevant photos and documentation. We strive to make claims decisions as quickly as possible so that you can get back to work. Learn how to file a claim . ERGO NEXT Insurance reviews Satisfied Customer Best business insurance with the easiest process! Small business insurance I thought ERGO NEXT was easy to use, great rates and outstanding follow-up. Thanks for helping a small startup. Was able to get the insurance I need for a cost I could afford. Great! Set everything up and got the insurance needed for my business without hassle and it was very easy and quick to navigate. Hassle free and great to work with. Affordable. easy to apply and and customer service is very responsive Easy & affordable This company makes the process very easy & affordable. Thank you for this service!! Easy to sign up and has what I need. Only took about 10 minutes to have all my questions answered and get the plan I need for my business. Great price and easy to understand plan. The best service. Thanks for your help with my needs, I'm very grateful for your assistance and help. I will recommend your company to others Truly a great team of people that worked really hard to get everything together for me and went out of there way to make it fast and easy There’s a lot to love about ERGO NEXT Get insurance in less than 10 minutes and you can save up to 25% in discounts * Unique, flexible coverage with easy monthly payments Do it all 100% online or talk to a licensed U.S.-based advisor Coverage on-the-go for policyholders Manage your policies, send and create certificates of insurance, or file a claim with our app.