Glossary
First-party coverage
Insurance that pays your own losses (your data restoration, your lost income), as opposed to third-party coverage, which pays claims others bring…
What is first-party coverage?
Insurance that pays your own losses (your data restoration, your lost income), as opposed to third-party coverage, which pays claims others bring against you.
Why it matters
First-party pays you for your own losses — your breach costs, your lost data, your business interruption. Third-party pays others who sue you. Cyber policies bundle both; knowing the split tells you what a policy actually does when things go wrong.