Cyber Risk Insurance

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CyberOne™ cyber risk insurance for small businesses

Cyber risk insurance

Hartford Steam Boiler's CyberOne™ coverage is a cyber risk insurance solution to help small businesses recover from damage to data and systems caused by a computer attack. This cyber threat protection also provides defense and liability coverage for third-party lawsuits alleging damage due to the insured inadequately securing its computer system.

Cyber risk is a growing problem

A computer attack - or cyber attack – is defined as any of the following:

  • An unauthorized person gaining access to the insured’s computer system
  • A virus or other malware attack
  • A denial of service attack


Virtually every business relies on data and computer systems. When these systems experience a virus or other computer attack, a business risks losing critical information essential to daily operations, and potentially exposing itself to third party liability. Small businesses, which often have limited security and technical resources, makes them easy targets for cyber attacks.

Computer viruses and cyber attacks are a common business problem that can significantly impact the bottom line. System and data recovery can amount to thousands in recovery costs and result in lost income. In addition, liability from insufficient systems security can lead to expensive lawsuits. You can view examples of attacks on businesses here (PDF, 330 KB).

What does cyber risk insurance cover?

HSB CyberOne™ coverage provides broad affordable cyber liability protection especially for small businesses to address the growing threat of information security exposures. Our cyber liabilty insurance helps pay for the costs of computer restoration and data recovery, as well as protecting against third party liabilities resulting from system security failure.

In the event of a computer attack, HSB CyberOne™ pays for:

  • Data Recovery from electronic sources
  • Data Recreation from nonelectronic sources
  • System Recovery
  • Business Income
  • Public Relations
Coverage for third party liability

Third party coverage can be triggered by a “network security liability suit” - a civil proceeding, an alternative dispute resolution proceeding or a written demand for money alleging that a negligent failure of the insured’s computer security allowed one of the following to occur:

  • A breach of third party business data
  • An unintended propagation of malware
  • A denial of service attack in which the insured unintentionally participated


In the event of a network security liability suit, HSB CyberOne™ insurance covers costs of defense, settlement and judgment. Defense is provided within the coverage limits and third party coverage can be offered separately from the first party coverage.

eRisk Hub® website

As part of our cyber coverage programs, HSB offers the eRisk Hub® website, which gives your insureds direct access to a range of risk management tools to help businesses prepare and recover when private, personal information of their customers, employees or others is lost or stolen.

eRisk Hub® is easy-to-use and includes the latest news, notification requirements, self-assessments, training modules, and step-by-step suggestions to understand information exposures, establish response plans, and minimize the effects of a data breach.


Key features of the eRisk Hub® include:

  • Incident response plan roadmap: Suggested steps businesses can take following a data breach incident. Having an incident response plan prepared in advance of a breach can be useful for defense of potential litigation.
  • Online training modules: Ready-to-use training for business owners on privacy best practices and Red Flag Rules.
  • Risk management tools: Assists businesses in managing their data breach exposures including self-assessments and state breach notification laws.
  • eRisk resources: A directory to quickly find external resources on pre and post-breach disciplines.
  • News center: Cyber risk stories, security and compliance blogs, security news, risk management events and helpful industry links.
  • Learning center: Best practices and white papers written by leading authorities.

Learn more

HSB Cybersecurity on-demand webinars


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© 2019 The Hartford Steam Boiler Inspection and Insurance Company. All rights reserved. This is intended for informational purposes only and does not modify or invalidate any of the provisions, exclusions, terms or conditions of the policy and endorsements. For specific terms and conditions, please refer to the coverage form.

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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.