Every company that has an online presence needs a cyber liability policy. If you store customer credit card information,Social Security numbers, or any other personal information online, cyber insurance adds a layer of protection in the event of a data breach or software outage. Cyber insurance policies can protect companies from the perils associated with being an online business, such as phishing attempts, cyber thefts, and data breaches. Cyber liability and tech E&O are often combined to create broader coverage for tech companies.