Stay ahead of cyber risks

Protecting your organization from emerging cyber threats.

Contact Us


Cyber Insurance

The cost of cybercrime is anticipated to reach $10.5 trillion by 2025.1 Ransomware, business email compromise (BEC), phishing, malicious malware, and other types of attacks continue to infiltrate companies. Increasingly more sophisticated hacking methodologies, including the utilization of Artificial Intelligence (AI) and Machine Learning (ML) by cybercriminals to explore an organization’s network, will continue to bring advanced threats and attacks.

In addition, the C-suite is increasingly held accountable for cybersecurity failures at their companies, and face the prospect of personal liability for those failures. This has increased leadership’s D&O risk in addition to the company’s financial loss related to a cyber event.

Holistic and integrated cybersecurity measures and practices are an organization’s first line of defense in protecting against attacks. Cyber insurance is also critical for both large and small operations to assist with the financial loss and damage from a cyber event.

A Policy Designed for Your Company

The specialists at Oakwood D&O Insurance Brokers will design a Cyber policy to protect your firm against first- and third-party losses. We also look at the big picture and how a cyber event impacts your directors and officers and E&O exposures. A Cyber policy can include coverages for the following.

  • Breach Response and Remediation Expenses
  • Customer Notification
  • System Failure
  • Data Retrieval and System Restoration Costs
  • Cyber Extortion Ransomware
  • Losses from Business Interruption Related to a Cyber Event
  • Social Engineering and Cybercrime, and Network Security and Privacy Liability
  • Contingent Business Interruption (lost revenue because of systems being down due to a third party’s failure, such as an IT vendor)

Our staff will also discuss the limits you should purchase based on a number of factors, including the specific cyber risks you face — from data breaches to network outages, or software impairments, to the security tools you have in place to lessen your risk, and your appetite for risk. We will go over how coverages are triggered within the policy and any self-insured retentions that apply.

When a public company purchased a private firm, we were able to provide significant savings to each party by securing a policy with a look-back provision that covered both the old board and the team moving forward.

Contact the D&O Insurance Experts