Cyber Liability Insurance

Data breaches happen. Most businesses in this day and age rely heavily on computers.

When trying to decide how your business can better manage risks related to data breach and how to reduce the cost that can result from them, an important insurance product to consider is cyber liability insurance.

Cyber liability Insurance is an insurance product many people are considering in the 21st century

Cyber liability insurance coverage can include:

• Privacy Crisis – Data Breach. Expenses related to the management of an incident, remediation, investigation, call management, credit checking, legal costs, regulatory fines, court attendance.
• Media – Multimedia Liability Coverage. Third-party damages can include intellectual property rights as well as defacement of your website.
• Network Security Liability – This covers the theft of data on third-party systems.
• Extortion Liability coverage – This type of coverage typically covers losses that are due to a threat of extortion, as well as professional fees related to dealing with the extortion.
• Also be sure to check out our IT Information Technology Business Insurance.

Many of the elements associated with a cyber liability insurance policy may interconnect with coverage from existing products your business already has. Even if there is an overlap, a cyber liability insurance policy will ensure risks are fully catered.

To speak with an agent at Gould in regard to your cyber liability insurance needs feel free to give us a call at (386) 734 3970.