In recent years, companies like LinkedIn, eHarmony, Dropbox, and Yahoo! were victims of cyber-attacks that exposed the private information of millions of users.
Does your organization:
If so, then you need Cyber Liability coverage.
These policies not only protect your business in a lawsuit, they also pay the additional expenses you incur as a result of a cyber attack. You'll also recieve services and advice to prevent a cyber breach.
Additional coverages available include Electronic Media Liability coverage, Intellectual Property Infringment, Privacy Liability & Network Risk coverage, and protection for negligent transmission of a computer virus, work or logic bomb, or Trojan Horse.
Here's a true story from a local financial planning firm:
"In 2010, our server was compromised in an attempt to steal the private information of our clients. FINRA required that we notify any individual, both client and prospect, who's information was in the system and make them aware of the attack. Luckily no one was harmed, but we immediately purchased coverage to protect the company in case we were ever sued for an event like this."
Unfortunately, many businesses seek coverage after an attack. Be proactive and talk to us today about Cyber Liability Insurance.
Quick Fact: 43% of businesses that experience a catastrophic computer data loss never reopen. 51% close within two years.