Cyber Liability

You need cyber insurance if your business:

• Accepts credit cards or other digital payment types

• Uses computers and mobile devices

• Keeps medical or financial data

• Stores confidential customer information

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Cyber liability insurance policies will cover both 1st and 3rd party costs associated with a cyber breach. The first-party costs these policies cover include:

• IT Forensic Costs

• Notification Costs

• Credit Protection Costs

• Crisis Management Costs

• Crime and Social Engineering Costs

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Cyber liability insurance also covers third-party costs associated with a data breach. This includes:

• Breach of contract

• Negligent protection of data

• Network security breaches

• Transmission of software viruses

• Denial of service attacks

• Defense of regulatory actions related to a breach

• Fines, penalties, and assessments

Cyber liability policies also cover additional costs associated with cyber extortion/ransomware, business interruption, and digital damage assessments. 

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Every business is unique – talk to us today to find out how to get the best worker’s compensation and employee benefits for you and your company

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