Cyber breaches and attacks happen more often and continually grow every year, risking a business’ reputation and income. In 2017, the number of data breaches on businesses nearly doubled. Cyber insurance will cover the cost of a data breach for things like identity theft, computer operations interruption, and legal fees. This type of insurance can save a businesses reputation and allow their customers, current and future, to continue to trust them with their business and information.
What is Covered:
- Lost or damaged electronic data
- Computer operations Interruption
- Privacy & Notification to customers and other affected parties
- Some may offer protection from lawsuits