Unfortunately, with the trend of integrating business and the Internet continually rising, the more prone you may become to being involved with a data breach. A data breach is when a customer's data that's stored, such as contact information or credit card details, is stolen or taken from a system without the knowledge of the system's owner. No matter how many protocols are put into place regarding cybersecurity, unauthorized use of stored data is a problem, and your business can be held responsible for the ramifications. That's where Cyber Liability insurance can come into play!
Cyber Liability insurance policies protect companies from hackers and other individuals or groups who may gain access to company-stored personal identifying information. The policy may also protect companies from losses that result from data breaches or confidential data loss. It covers expenses such as customer notification, credit monitoring, legal fees, and fines.
A data breach can affect your computer system, reputation, and put your customers and/or employees at risk. Purchasing Cyber Liability coverage can help your business recover from the financial and regulatory burdens that security breaches can create. If you'd like to speak with an agent regarding Cyber Liability, feel free to give our office a call at 715-246-8908!