loader

How a Cyber Risk Liability Insurance Policy Can Save Your Busienss

Apr 24, 2015

General Articles

How a Cyber Risk Liability Insurance Policy Can Save Your Busienss
Cyber Risk  Liability  Insurance CoverageAs a business owner, the thought of dealing with a data breach can be enough to keep you up at night. Even if you own a small business with only a few clients, all of your secure information is still at risk from a cyber-attack. Protecting your business with the right cyber risk liability insurance policy can help to ensure that your business is not left financially devastated after a breach.When you invest in a cyber risk liability insurance policy, you will receive comprehensive coverage, which will pay for many costs associated with a breach, including:
  • The cost to notify each client or employee that their personal information has been compromised through the breach.
  • The cost to hire a computer forensic expert who will work to figure out the existence, origin, and extent of the breach that occurred at your company.
  • The cost to hire and retain a crisis management or public relations team that will control any possible adverse media after the breach that could cause harm to your reputation.
  • The cost to provide identity theft restorations services for any customer or employee whose personal information was stolen.
  • The cost of any penalties or fines that are associated with the breach and levied against the insured by a government entity.
  • Recreate or restore any information that was stolen, damaged, or corrupted after a data breach at your company.
  • Replace any lost income if your business has to shut down or loses business after a data breach.
For all of your  business  insurance coverage needs and to ensure that you have the right amount of coverage,  contact  the insurance professionals at Humble & Davenport Insurance in Renton, Washington. We will work with you to ensure that your company has the protection that you deserve, all at the right price.
Awning and Roof Damage: Is It Covered by RV Insurance?
Awning and Roof Damage: Is It Covered by RV Insurance?
Is Contractors Insurance Coverage Essential for Electricians and Plumbers?
Is Contractors Insurance Coverage Essential for Electricians and Plumbers?
How Restaurant Insurance Coverage Shields You from Food Spoilage and Equipment Breakdowns
How Restaurant Insurance Coverage Shields You from Food Spoilage and Equipment Breakdowns
The Benefits of Customized Restaurant Insurance Coverage for Business Owners
The Benefits of Customized Restaurant Insurance Coverage for Business Owners
Budgeting for Protection: How Much Does Trailer Insurance Cost?
Budgeting for Protection: How Much Does Trailer Insurance Cost?
TAP TO CALL