Cyber Liability Insurance Coverage
Unfortunately, data breaches and other cyber-crimes are becoming far too common. In the past couple of years, data breaches have resulted in major fines and legal fees – not to mention headaches – for a discount retail chain, one of the nation’s largest banks, a well-known health insurer, an entertainment network and the federal government.
However, it’s not just large organizations that are at risk of being hacked or getting a virus. 55% of small businesses have experienced a data breach and that 53% have had multiple breaches.
A data breach can damage more than just your computer system, it also can damage your reputation and put your clients and employees at risk. This is why Cyber Insurance is important for any size business.