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esulting from a cyber terrorism attack and having the appropriate insurance in place iskey to a company surviving such an attack.3. Third Party LiabilityThird party liability insurance is intended to protect the insured for liability it may have toanother person or company arising from certain types of damages. For instance,commercial general liability insurance protects an insured from liability for bodily injury,property damage, and personal and advertising injury, which is not otherwise excludedby the policy provisions. The insurance company generally agrees to investigate anyliability claims, hire defense counsel, and pay claims for covered damages.The goal of cyber liability third party coverage is the same. It is intended to protect theinsured against claims brought by “third persons” as the result of a data breach or othercyber event. The most common third party specific coverages are:Cyber liability or data breach liability. This type of coverage is intended tocover liability for claims of third parties who allege they sustained damages dueto the disclosure of their personal information.Regulatory fines and penalties-This covers the legal, technical, or forensicservices necessary to assist the policyholder in responding to governmentalinquiries relating to a cyber attack, and provides coverage for fines, penalties,investigations or other regulatory actions.Crisis management and forensics costs. Some policies provide a sublimit forcrisis management and retention of a public relations consultant, as well ascoverage for the cost of computer forensics necessitated by the breach.