Cyber Liability Insurance
What is cyber liability?
Cyber liability insurance is protection against harm caused by a data breach of a business’ security systems. Cyber liability policies cover a variety of expenses associated with data breaches including fines and penalties, loss resulting from identity theft, credit monitoring, and notifications costs.
Do I Need Cyber Liability Insurance for My Business?
In today’s world of ever-increasing cyber space, businesses need to be prepared for a breach of online data including a firm’s sensitive information and customer’s personal information. We encourage using the best practices to safeguard important information, but we also recognize that most businesses will eventually be targeted and may lose that information. If your business stores critical information or makes transactions over the internet, cyber liability insurance is a good idea for you.
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