A well-structured cyber insurance policy typically includes both first-party and third-party coverage to provide comprehensive protection against cyber threats. First-party coverage helps businesses deal with direct losses resulting from a cyber incident. It includes Data Breach Response, which covers the costs of investigating and responding to a data breach, including notifying affected customers. Cyber Extortion (Ransomware Protection) provides financial coverage if hackers demand a ransom to restore access to data. Business Interruption Losses compensate for lost income and extra expenses incurred due to cyberattacks disrupting operations, while Digital Asset Restoration helps recover or restore lost, damaged, or compromised data due to a cyber event. On the other hand, third-party coverage protects businesses from liabilities resulting from cyber incidents affecting customers, partners, or other stakeholders. This includes Legal and Regulatory Liability, which covers legal expenses, fines, and penalties related to data breaches. Network Security Liability provides protection against claims arising from malware transmission, denial-of-service attacks, or unauthorized access. Lastly, Media Liability covers costs associated with defamation, copyright infringement, and misleading digital content, ensuring businesses are safeguarded against reputational and financial risks.