The importance of cyber security
If your business collects or stores personal information, especially health information, about your customers, then cyber liability insurance is a necessity. Cyber liability coverages protect you from financial losses from a data breach, the necessary cleanup, and any resulting lawsuits.
For example, a local investment firm collects and stores financial information for all its clients. An employee could click a phishing link or download something that allows a virus into the office computer system and expose private, sensitive customer information. The firm is required to notify customers of the breach, and it may face legal action from those customers.
Protect your business from expensive financial damages with business insurance designed specifically for cyber liability.