Knowledge Library

First-party cyber coverage is the portion of a cyber insurance policy that protects your business when you suffer direct losses from a cyber incident. It reimburses your organization for its own costs—such as data restoration, incident response, ...

'First-party insurance' refers to a type of insurance designed to cover a business’s own direct losses from events like fire, theft, or cyberattacks. When a covered peril strikes, this ...

A fronting agreement is an arrangement in which a licensed, admitted insurer issues and administers an insurance policy on behalf of a captive insurer.

A captive insurance company is an insurance company established by a business for the purpose of insuring that business’ risks. Unlike a traditional commercial insurance company that will issue ...

Cyber liability coverage refers to the third-party coverage component on a cyber insurance policy. Unlike many other types of insurance, a cyber insurance policy includes both first- and third-party insuring clauses.