Commercial Insurance
Does cyber liability insurance cover regulatory fines and penalties?
Some policies may cover fines and penalties imposed by regulatory bodies, subject to policy terms and legal allowances.
Dig deeper
Surety bonds are required by many industries and government contracts to ensure compliance with licensing, permitting, or project completion standards.
Real World Example
A food truck owner includes theft coverage in their commercial auto policy to safeguard equipment stored in the vehicle.
Expert Considerations
Notify your insurer immediately after an incident involving business vehicles or bond claims to start the resolution process quickly.
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