Cyber Liability Insurance for Businesses
Businesses face many threats, including damage to buildings, employee or customer injuries, commercial vehicle accidents, and more. For each of these threats, businesses carry unique insurance to protect their assets and the health of the business from catastrophic loss.
This is why cyber liability insurance is important for all businesses. The unique, complex threat from cyber-attacks, data breaches, and ransomware requires a specialized insurance policy to protect the business.
What is cyber liability insurance?
Cyber insurance protects businesses from computer, network, and internet-based risks. Any business that relies on computer systems to generate or store business-critical information can have a very real exposure to cyber risks. If they lose or are unable to access their digital files, businesses need an insurance option that protects them.
In general, cyber liability insurance may cover:
- Expenses, loses, and cost of the business interruption due to a data breach.
- Cost and expenses from a ransomware attack.
- Penalties and fines associated with a cyber-attack.
The broad scope of cyber liability insurance is to protect a business from losses that other commercial insurance policies do not cover.
Protecting your business should not be hard. It is more than just a tagline; we aim to take the surprise out of insurance. We make it simple to protect your business from the cost and losses due to cyber-related attacks with cyber liability insurance.
Getting started is easy! Using our online portal, you can generate a quote and choose the right policy for your business in minutes. Using our automated system, you can compare offerings from multiple carriers and choose the right solution. Our system is fast and secure, with your privacy and safety in mind.
Fill the form to begin.
We are here for you! If you would prefer to speak with a local, independent agent right here in Washington, give us a call at 888.438.6708
Filling a gap for businesses
Insurance can be a complicated topic, often leading to having for coverage many business owners don’t fully understand. This confusion can lead to assuming the business general liability policy will help with recovering from a devastating digital attack.
Cyber liability insurance is designed to fill the gap for business who experience a loss associated with a data breach or cyber-attack. Filling this gap is critical to protecting the business and working with a local, independent agency will help you know a trusted resource has your back when you need it most.
The right protection is step one
According to NPR, there are more than 7 ransomware attacks per hour on US business. At this rate, suffering a catastrophic cyber-attack is not a matter of if, but when. The threat of a data breach or ransomware attack is no longer theoretical. Simply put: if your systems are connected to the internet, you face the likelihood of being attacked.
Depending on your industry and the type of information you store, having a cyber risk assessment will help determine if additional cyber liability insurance is necessary. Your insurance should be seen as just one part of the risk management equation.
Yet, every business that uses the Internet, accepts credit cards, or uses a system network needs cyber insurance. Without the financial security from cyber liability insurance, your business could face an unrecoverable situation.
Protecting your business from cybercriminals is a multi-faceted approach, which includes having the right insurance. Don’t delay in adding cyber liability insurance to your business.
Getting started is easy! Use the button to begin.
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