What is Cyber Liability?
Cyber Liability insurance helps to recover expenses due to loss/theft of personal and/or business data breach.
How it works.
In the event that your business is hacked, and data is stolen, cyber liability would cover the breach and cost to notify your clients of said breach, privacy legal liability, and defense coverage in the case of criminal or civil suit. It could also cover the regulatory fines and penalties as well as cyber extortion.
Why do you need it?
Advancements in technology today, leave us susceptible to all kinds of cyber risks. The expense to recover personal or business data can be very costly. Cyber Liability programs can include risk assessments, written policies to prevent such breaches, incident response plans, and even keystroke encryption software.
Call our office for a quote today!