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Types of Cyber Insurance Coverage

Cyber insurance policies can vary significantly, but they generally fall into two main categories: first-party and third-party coverage. First-party coverage protects your business from direct losses such as data breaches, network damage, and business interruption. In contrast, third-party coverage shields you from claims made by clients or partners affected by a cyber incident on your network. By understanding these distinctions, you can tailor your policy to meet specific needs and mitigate potential risks effectively.