Cyber Insurance Basics
Cyber insurance is protection against damages resulting from electronic threats to your computer systems or data. These threats can result in things like stolen or damaged information and expensive liability and recovery costs. Coverage options include incident response services as well as first-party and third-party coverages. It's sometimes referred to as cyber security insurance or cyber risk insurance.
Who Needs Cyber Insurance
Any business that stores or processes sensitive information like names, addresses, Social Security numbers, medical records or credit card information probably needs cyber insurance.
As more small businesses choose to use and store digital data, the need for this coverage has expanded to more than just the healthcare and banking industries. A few of the many businesses that should consider a cyber policy include:
- Hair salons / Barbers
- Marketing companies
- Financial firms
The Importance of Cyber Insurance
Cyber insurance is important to the financial well-being and future of your small business. A single claim can be costly and difficult to overcome on your own. Cyber security helps reduce the potentially devastating effects of a claim. It can cover costs related to IT forensics investigation, data restoration, legal liability and customer notification.
Get a Cyber Insurance Quote Today
A cyber insurance policy allows you to spend less time worrying about cyber threats, and more time on what matters most – your business. Easily assess your cyber risk and get a free quote to learn which cyber insurance coverages to consider for your situation.
Start a quote online or give us a call at: 1-877-583-0792.
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Discounts not available in all states and situations.
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Not available in all states and situations.
Coverage subject to policy terms and conditions.