Imagine no longer worrying that your business may suffer from a data breach, virus, or other cyberattack.
This includes legal claims that could arise resulting from the breach. If you are a business that stores or holds sensitive data in the cloud or handles online transactions, you should have cyber liability insurance.
With this cutting-edge cyber liability protection solution, coverage for network business interruptions, e-commerce exposures, other online crimes and hacking, you can rest at ease. Cyber liability insurance also includes loss control education and training; and full post-breach crisis management assistance.
Bottom line, if you are a business that stores personally identifiable information, be it for employees or customers should have cyber liability insurance.
The type of sensitive information includes any data that can be used to identify a particular individual, such as name, data of birth, email address, social security number, credit card number, or bank account number. You also need cyber coverage if you have any data you cannot afford to lose. Personally, you need cyber coverage to protect your assets because hackers can and do steal using many techniques.
Serving the interests of our clients. Personalized support and relationships matter to us. Because we are owned by banks, we are empowered to deliver top-notch support and services able to add on additional.
We have the expertise and industry-specific coverage your business needs to stay safe. Having a cyber insurance policy you are taking charge of an effective step towards protecting your business from a cyber breach. With our team we can help you bounce back, cover your costs and move on from an incident.
Funds Transfer Fraud is one of the most commonly reported cyber liability claims.
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Data Breaches Rose 68% in 2021, Hitting a New High With No Signs of Slowing
According to the Identity Theft Resource Center’s (ITRC) annual report—which advocated for more effective laws and regulations to better protect victims of identity fraud—2021
If your business collects and retains data or uses technology in other ways, you need to be prepared for the possibility of a cyber-attack. Such attacks can come with serious consequences. One research paper reveals that the cost to the average small business that suffers a cyber-attack can exceed $5 million.
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