Cyber Liability – Data Breach Protection
If you run payments or have sensitive client information you need to consider purchasing a cyber liability policy to protect you from the financial hardship of cyber losses
Nearly all businesses are susceptible to a cyber attack. Besides internet dangers, cyber attacks can also include computer hardware problems, communication media errors, backup and operating system errors and fraud. Your general liability policy may not cover cyber risks and include loss of control over sensitive customer data.
Common causes of cyber related losses include:
- Human error: Unintentional acts such as leaving a laptop that has access to patient medical records at the airport.
- Intentional: Illegal criminal activity can occur outside the organization by hackers or criminals, or come from inside the organization.
Cyber Risk Liability policies can be tailored to your needs and do not have to be expensive. Look for a policy that covers business interruption and other aspects like notifying customers of data breach and hiring a PR firm to manage your public image. Some of these policies can also assist you before you are cyber-attacked.
Contact the experienced professionals at Cobb-Hall Insurance to provide solutions designed specifically for your needs.
Excerpts from: Trusted Choice/ Independent Insurance Agents