Will your insurance company, if you're breached, ask us to review your audit?
Cyber Liability Protection
We’ve got your back. With our easy-to-get and friendly cyber liability insurance, you will be covered when you need it the most.
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What is Cyber Liability Insurance and Why do You Need It?
No matter the size of your business, data breaches happen. Sure, cybersecurity is a big part of your defense strategy, but what happens if the bad guys win despite your best efforts? Cyber liability insurance will lessen your financial responsibility if you are a victim of a breach and can help you recoup your legal costs and even, in some cases, the direct hit to your budget from lost income, downtime, brand reputation damages, and other financial fallout following a data breach.
What is Cyber Liability Insurance?
You have insurance to cover your car, your health, your home, and your business’ assets. Consider cyber liability insurance as an insurance policy for your network. Cyber liability insurance is also known as cyber risk insurance or a cyber insurance policy.
It’s important to understand that, while some business liability insurance offers limited cyber risk insurance, these limited policies will most likely not cover you in the case of a data breach.
Who Needs it?
Any business, regardless of size, that collects and stores data, sensitive client information, trade secrets, and other proprietary information needs cyber liability insurance. This applies no matter how or where your data is stored; in the cloud, mobile devices, PCs, servers…no data storage is fool-proof, and wherever data is stored, there is vulnerability.
Unless your business can withstand the costs of a data breach (and few can), cyber risk insurance isn’t just a good idea. It’s a necessity.