What is the difference between applied electronics insurance and a cyber risks policy?

  • The applied electronics policy specifically excludes the cost of
    • restoring data, or
    • down-time due to viruses and hacking, or
    • the costs caused by computer software defects (bugs).
  • The abovementioned items are generally covered by covered by the cyber risks policy.
  • By contrast, the cyber risks policy excludes cover for physical damage to computer hardware. This is generally covered by the electronics insurance.
  • A cyber risks also covers other risks not normally found on an electronics policy such as third party liability caused by the Insured’s failure to protect third party personal information.
Subject: 
Cyber Risk