First-party vs. third-party coverage
In one sentence
First-party covers your own losses (recovery, lost income); third-party covers claims others bring against you.
First-party cyber coverage pays for your direct costs: forensics, restoration, business interruption, ransom. Third-party coverage responds to liabilities from others harmed by an incident (customers, partners), including legal defense and settlements.
The written evidence carriers accept
A “yes” on the application needs a document behind it. In the Readiness Pack, that document is:
Related terms
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