"To cover the loss" means to provide enough money or resources to compensate for the amount of money or value that has been lost or taken away. Full definition
Many people are surprised when their travel insurance plan doesn't cover the loss of best friends, close acquaintances, and even pets. (travelinsurancereview.net)
Instead of this minimum requirement being written into the opinion, an option might be for the attorney to verify that the technology vendor maintains adequate business insurance covering losses from data breaches. (virtuallawpractice.org)