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.
Cyber Risk