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Content tagged with "cyber liability"

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What is Cyber Liability? And do I need it?

Cyber Liability offers first party (your loss) and third party (your customer's loss) coverage associated with e-business, the Internet, networks and other electronic assets and information.

What is Cyber Liability Insurance?

Cyber liability insurance protects you and your small business from the financial risk of having your IT systems compromised, including legal damages for which you may be held liable.

What does Cyber Liability Insurance cover?

Cyber liability insurance covers a variety of costs affiliated with cyber security threats, including the ability to pay legal fees and fines for damages, the cost to regain control of your systems after a ransomware attack, and even the ability to replace revenue your company lost due to a cyber-attack. Review your needs with a cyber liability insurance agent to determine your suitability before deciding on the coverage you need.

How much Cyber Liability Insurance do I need?

Determining the amount of cyber liability insurance you need depends on several factors. You should consider where your small business may be vulnerable, look at several options from different cyber liability insurance providers to get an idea of the options that are out there, and then consult with a specialist to find the best fit for you.

Why do I need Cyber Liability Insurance?

If your day-to-day operations depend on email, internet access, or any form of e-commerce, you are at risk of becoming the victim of a cyber-attack. Cyber liability insurance is the only way to ensure that you are financially protected in the event of any number of catastrophic data or security breaches.