Are you a business owner who is worried about losing crucial information due to data breaches and other common types of cyber-crimes? If you don’t have the right type of insurance policy for your business, you can be forced to cover the costs of expensive fines and legal fees. According to the Insurance Journal, 55% of small businesses have experienced a data breach, while 53% have had multiple breaches. This is why small business owners should seriously consider cyber liability insurance if they want to protect their customer’s information and maintain a strong reputation among consumers.
Cyber liability insurance covers the following things:
- Losses caused by damage, theft, disruption, or corruption of your company’s data.
- Cost of sending notifications to your customers when there is a data breach.
- Cost of hiring experts or consultants to preserve or reconstruct data.
- Threats and extortion attempts from cyber criminals.
- Lawsuits filed against you by customers, clients, employees, or other parties after a data breach.
Some cyber liability policies also include coverages for the following cyber-crimes:
- Computer fraud
- Electronic money transfer fraud
- Cyber terrorism
Speak to Our Knowledgeable Insurance Administrators Today
At Insurance Specialists, Inc., our team of friendly professionals is here to guide you and make sure you find the right cyber liability insurance policy for your business. We can review your situation and show you the wide range of coverage we offer to clients throughout the nation.
Call us at (888) 451-0883 to schedule an appointment with a member of our team.