Cyber Liability Insurance
Cyber threats can cause significant financial losses and damage your reputation. Protect your business from the financial impact of data breaches, hacking, ransomware, and phishing attacks with Paychex cyber liability coverage.
Cyber Protection When You Need It Most
- Coverage Within 24 Hours – Quick approval to get you protected fast
- Expert Claims Assistance – Guidance through every step of the claims process
- 24/7 Crisis Management – Around-the-clock support from legal and PR experts
- Forensic Investigation – Coverage for investigating breaches
Comprehensive Protection
Data Breach Response
Notification Costs: Coverage for the cost of alerting your customers and employees about the breach.
Credit Monitoring: Credit monitoring services are provided to help protect against identity theft when a cyber event occurs.
Legal Support: Get legal help to meet regulatory requirements and defend against lawsuits.
Crisis Management: Connect with PR experts to help protect your business's reputation.
Cyber Crime Coverage
Malware Detection: Tools to detect and help prevent cyber attacks before they happen.
Ransomware Recovery: Financial assistance to recover from ransomware attacks and restore your systems.
Fraud Protection: Coverage for financial losses from online theft and fraud.
Phishing Defense: Protection in response to scams designed to steal your data and money.
Business Interruption
Lost Income: Compensation for revenue and other expenses lost when cyber incidents force you offline.
Recovery Costs: Coverage to restore your systems and data, plus replacement of lost or stolen devices.
Getting Back to Business: Expert support to help you resume operations quickly and minimize downtime.
Liability and Legal Protection
Network Security Claims: Protection when security failures lead to claims from clients or partners.
Privacy Breach Claims: Coverage when personal information is accessed or exposed without authorization.
Online Content Claims: Defense against lawsuits over online content, including defamation or copyright issues.
Coverage When Cyber Attacks Strike
Cyber liability insurance covers lost income when your business is locked down by a cyber attack, plus the high costs of litigation and recovery. We'll help you find coverage that protects against a wide range of financial losses associated with online and ransomware attacks, as well as telecommunications theft and phishing.
How To Get Started
Get a Free Quote
Fill out our quick online form for a no-obligation quote tailored to your business needs and risk level.
Talk to a Licensed Agent
Our agents will assess your cyber risks, research policies from top carriers, and present the best coverage options for your business.
Secure Your Business
Select your policy and gain peace of mind knowing you're protected against the damage that comes from cyber threats.
Solutions To Fully Protect Your Business
Round out your coverage with other services that integrate in our one easy-to-use platform — Paychex Flex®.
Resources for You
Cyber Liability Insurance FAQs
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Is Cyber Security Insurance Necessary?
Is Cyber Security Insurance Necessary?
Cyber insurance isn't legally required, but it's an essential protection for modern businesses. Cyberattacks, ransomware, and data breaches are increasingly common across all business sizes and industries. Without coverage, you're responsible for the full cost of breach notifications, legal fees, forensic investigations, and lost revenue — expenses that can threaten your business's survival and damage customer trust.
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How Much Cyber Liability Insurance Do I Need?
How Much Cyber Liability Insurance Do I Need?
The right coverage amount depends on several factors:
- Data value: The amount and sensitivity of customer and employee information you store
- Recovery costs: Time and expenses needed to restore systems after a cyber incident
- Business size: Your annual revenue and number of customers affected by a potential breach
- Internal resources: Your existing cybersecurity infrastructure and incident response capabilities
A Paychex licensed agent can help assess your specific risk level and recommend appropriate coverage limits that fit your unique business needs.
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How Much Does Cyber Liability Insurance Cost?
How Much Does Cyber Liability Insurance Cost?
Cyber insurance costs vary based on your business's risk profile, including business type and industry, annual revenue, and desired coverage limits. Paychex offers flexible coverage options based on your business needs.
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Is Cyber Insurance Worth the Cost?
Is Cyber Insurance Worth the Cost?
Yes, cyber insurance is worth the investment for most businesses. Small businesses are particularly vulnerable to cyberattacks, and a single data breach can cost tens of thousands of dollars in:
- Forensic investigation and breach response
- Legal fees and regulatory fines
- Customer notification and credit monitoring
- Lost revenue during business interruption
- Reputational damage and customer trust
If your business operates online or handles any personal identifiable information (PII), the financial and reputational risks are too significant to go unprotected.
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What Doesn’t Cyber Insurance Cover?
What Doesn’t Cyber Insurance Cover?
Standard cyber liability insurance excludes:
- Physical property damage: Covered under commercial property insurance
- Robbery and theft: Covered by commercial crime policies
- Third party bodily injuries: Covered under general liability insurance
- Losses exceeding policy limits: Coverage caps at your aggregate limit. A commercial umbrella can help extend limits.
- Prior known incidents: Breaches that occurred before your policy started
Always review your specific policy to understand exclusions and consider bundling with other business insurance for comprehensive protection.
