Traditional insurance vs cyber insurance
Data breaches, denial of service attacks, malware and viruses continually threaten large and small organizations. Cyber insurance protects against damages resulting from electronic threats to data breaches or computer hacking. Data theft can include credit card numbers, Social Security numbers, customer account information, driver’s license numbers, and even health records. Unfortunately, organizations mistakenly believe their traditional insurance policies cover them for all privacy/security liability exposures and notification expenses of cyber crime. If they are not covered, the unexpected costs can be financially devastating. Cyber liability insurance can cover costs related to data restoration, hardware repair and replacement, legal liability, legal fees and customer notification.
Who needs cyber liability insurance?
Cyber insurance is a smart precaution for any organization or business. A single claim can be expensive in liability and recovery costs. Cyber insurance helps reduce the potentially devastating effects of electronic threats.
Many businesses across varied industries should consider a cyber policy.
We offer a full menu of business insurance options.
You face risks in your business every day, and they can be catastrophic without the right protection. Aligning your company with with right insurance provider is essential to your profitability and success.