Cyber Liability Insurance
Cyber Insurance protects you from data breaches and other cyber crimes are becoming increasingly more common. The recent precedent for these types of issues includes major fines and legal fees — not to mention headaches and missed opportunity.
It’s not just the largest organizations that are being targeted (Click to read of a recent Cyber Event). Small businesses are becoming an even more valuable target to cyber crimes because they are easier targets with less sophisticated security features. These security related events can damage more than your computer systems. They can damage your reputation and put your customers and/or employees at risk.
This is where cyber insurance can be a smart precaution for any business.
What is cyber insurance?
Cyber insurance generally covers your business’ liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver’s license numbers and health records.
Won’t my general liability policy cover cyber liability?
General liability insurance covers bodily injuries and property damage resulting from your products, services or operations. Cyber insurance is often excluded from a general liability policy.
What Does Cyber Insurance Cover?
Besides legal fees and expenses, cyber insurance typically helps with:
Notifying customers about a data breach
Restoring personal identities of affected customers
Recovering compromised data
Repairing damaged computer systems
Notifying customers of a data breach involving personally identifiable information can be very expensive. Offering free credit monitoring following a breach, goes a long way with public relations.
Let us help with your Cyber Insurance
Let ABM Insurance get you covered for cyber related crimes. Our Commercial team is ready to help you navigate through the noise and find a common-sense policy that is appropriate for your situation. To get started, please call 1-800-362-2809 or request a quote