Important Information for Illinois Businesses
A cyber incident can affect businesses of virtually any size.
Cyber Liability Insurance may help businesses respond to qualifying:
- Data breaches
- Ransomware
- Network attacks
- Privacy incidents
- Business interruption
- Data restoration
- Cyber extortion
- Notification expenses
- Legal and forensic expenses
- Certain cybercrime losses
Coverage varies significantly between policies.
Is Cyber Insurance Mandatory in Illinois?
Illinois does not currently impose one universal requirement that every business purchase Cyber Liability Insurance.
However, businesses may face legal responsibilities for protecting and responding to breaches involving personal information.
Cyber insurance may also be required by:
- Customer contracts
- Vendor agreements
- Healthcare relationships
- Financial institutions
- Technology contracts
- Government contracts