In our modern society, we have become more reliant on technology as a way of conducting and carrying out business. As a result, such businesses are at risk of Cyber Losses more than ever before. Cyber Liability insurance is designed to protect against financial losses caused by data breaches and other cyber related incidents.
What kind of information is at risk for a Cyber Loss? Credit Card Information, Personal Information such as Social Security Numbers, Banking Info, Health Records, Business Trade Secrets, just to name a few.
When a breach occurs, the company is responsible for notifying the compromised party, which can be very costly.
What kind of losses does Cyber Liability cover?
- Loss or Damage to Electronic Data
- Loss of Income due to computer system failure
- Cyber Extortion
- Notification Costs
- Damage to your reputation
- Network Security
- Theft & Fraud
- Forensic Investigation
- Information Privacy
To learn more about Cyber Liability coverage or to obtain a quote, please contact our agency.