Cyber security insurance
What is Cyber Insurance?
What does Cyber Insurance Cover?
Insurance companies offer different policies for cyber risk insurance because simply having the latest and most effective firewalls and data protection programs is not sufficient. A resourceful hacker can still find their way in. Often, small businesses are most at risk.
In general, cyber liability insurance cover expenses related to claims and will protect your small business for risks like:
Data Breaches: This covers expenses like lawsuits and legal fees, investigations, privacy notification cost, credit checking, and fines.
Business Interruption: Loss income when hacks and DDoS attacks force your small business to a standstill.
Network Security: Damages to third parties caused by denial of access, or costs related to data on third-party suppliers or theft of data.
Cyber insurance is always evolving as new threats arise. I am able to find coverage to your specific industry.
Some of the flexible cyber risk coverage options include :