Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records. A Crime Insurance policy provides coverage for first party loss of tangible property, money, and securities caused either by the insured’s employees or by third parties. It is designed to address larger losses, which are compounded because they can be on-going for a long period of time before they are discovered, on a worldwide territorial basis, unlike the Fidelity and Burglary policies which address the burning layers through low deductibles, lower limits, and localized territorial coverage.
