Cyber Liability for Your Business

In today’s technological world, most of a company’s information and their client’s information is online.  This makes them more susceptible for a cyber- attack, which could cause hundreds or thousands of dollars to fix.  Something as simple as a lost or stolen laptop can leave all of your information vulnerable.  Once a cyber- thief gets ahold of all of the information, there is no way to get it back.  Protecting your company with the right cyber insurance can provide financial security.

There are many different options when it comes to choosing cyber-liability coverage,  including:

  • Network security liability – this covers any lawsuits that are filed against your company due to the inability of others to access data on your computers system after a data breach.
  • Network privacy liability – covers lawsuits that were filed based on allegations that your company was not able to protect sensitive data that was stored on your computer system.
  • Electronic media liability – covers your company against any lawsuits that were filed for acts such as slander, libel, defamation, invasion of privacy, or copyright infringement.
  • Loss or damage to electronic data – covers the loss of data that belonged to someone else that was stored on your computer that was caused by damage, theft, disruption, or corruption.
  • Loss of income and/or extra expenses – covers the income and extra expenses that were incurred to avoid or minimize a shutdown of your company after a failing computer system.
  • Notification costs – covers the cost of notifying anyone whose information was affected by the breach which is required by law.
  • Damage to your reputation – will pay for any marketing or public relations work to repair your reputation.

For the most comprehensive cyber-liability and business insurance coverage to ensure that your company and client’s information is protected, contact  The Alliance Group in Fairport, New York.