Cyber Liability Insurance
Cyber Liability Insurance Information
Cyber Liability Insurance
Technology is essential for the success of almost every business nowadays, and it will likely become even more critical as time progresses. Hackers and thieves could hack or steal important business assets such as data and technology at any given time. A cyber liability insurance policy may help protect you and your business if such a situation arises.
The agents at Bone Robertson & McBride are here to help you learn more about cyber liability insurance policies. If you live in the Alamo, California, area, we can help you out.
What Is Cyber Liability Insurance?
Cyber liability insurance helps protect your business’s technology by covering data breaches and any potential hacking incidents. A cyber liability insurance policy may help cover costs related to a cyber incident so your business doesn’t incur significant out-of-pocket expenses.
What Does Cyber Liability Insurance Cover?
While it might vary from business to business, a typical cyber liability insurance policy may cover the following:
Data breaches. Increased government regulations have placed more responsibility on companies to protect clients’ personal information. When a breach happens, companies are required by law to notify those affected. This will be an added cost that also includes security fixes, identity theft protection for the affected and protection from possible legal action.
Intellectual property rights. Your company’s online presence, whether through a corporate website, blogs or social media, opens you up to some of the same exposures faced by publishers. This can include libel, copyright or trademark infringement and defamation, among other things.
Damages to a third-party system. If an email sent from your server has a virus that crashes the system of a customer or the software your company distributes fails, resulting in a loss for a third party, you could be held liable for damages.
System failure. A natural disaster, malicious activity or fire could all cause physical damages that could result in data or code loss. While the physical damages to your system hardware would be covered under your existing business liability policy, data or code loss due to the incident would not be.
A cyber liability policy may help protect against losses or damages related to the above situations and more. For more information on coverage options, be sure to contact one of our agents today.
For additional information on cyber liability coverage, be sure to contact one of our Bone Robertson & McBride agents at 800-510-1095. We look forward to your call.