The amount of cyber liability coverage you need depends on your company’s specific risk. It’s a good idea to talk with your insurance broker to determine the appropriate amount to meet your business needs. Here are some questions to consider: Does your company collect, store, send or receive personally identifiable information or personal health information? 2. Is…
What Is Cyber Liability Insurance? Cyber liability insurance protects your business from the cost of cyber threats or breaches involving computer systems and data. That can include sensitive customer information, such as credit card numbers, Social Security numbers, account numbers, health records and driver’s license numbers. Cyber liability insurance is also known as cybersecurity insurance or cyber…
88% of Small Business Owners Feel Vulnerable to a Cyberattack In recent years, there have been an increasing number of costly computer hacking attacks against large companies, but smaller companies face computer liability risks as well. A total of 88% of small business owners feel vulnerable to a cyberattack, according to a recent SBA survey. …