Choosing the right cyber liability & privacy insurance.
Cyber liability & privacy insurance responds to claims arising out of private information accidentally or wrongfully being released to others.
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The following are a few frequently asked questions about cyber liability & privacy insurance.
Is cyber liability & privacy insurance right for me?
Cyber liability & privacy insurance can provide protection against claims arising out of private information accidentally or wrongfully being disclosed. This may result from a breach in your network due to a hacker or may be as simple as someone forgetting to shred a document before throwing it in the trash. Each set of lost information could result in an expense of at least $204 for notification, credit monitoring and restoration. It’s not just for those that have web pages collecting information. You could have employee social security numbers in your company server and paper files as well as sensitive client information as well.
Are all cyber liability & privacy insurances the same?
Every cyber liability & privacy insurance is unique. Every company has different types of exposure to technology, and the specifics about each company, industry, and multiple other factors are unique as well. This is why its so important to have the right coverage to keep your business protected.
What determines the cost of coverage?
This depends on several factors such as your exposures (square footage, gross revenue, payroll, etc.), coverage limits and deductibles or retentions selected. If you need help shopping for the right insurance plan contact our team of insurance advisors.