Yes! Cyber insurance provides protection in the event of breaches, hacking, and other cyber malicious activity. The proliferation of the Internet has exposed all types of business to cyber risk even when the company is not explicitly providing technology services, for which a technology company would typically purchase an Errors & Omissions (E&O) policy.
In some cases, a Technology E&O policy has the flexibility to include coverage for incidents which may be similar to the coverage provided by a cyber policy – but that coverage may not be proactively offered or included without explicit request from the insured company.
Additionally, Coalition greatly expands protections beyond liability, providing 1st party coverage for necessary expenses you may incur to respond to and recover from a cyber incident such as notification, public relations, and business interruption costs.