Cyber Liability protects business’ that keep track of important client information. It provides coverage for businesses who have data breaches or loses. Sensitive information includes social security information, credit card and banking numbers, or private information, such as phone numbers and addresses.
If you keep sensitive client data on your work computers, you need to protect yourself against possible breaches of information. Here are a few things you should ask your insurance company before purchasing a policy:
- How much coverage do I have? Make sure that you have enough money to cover any type of costs that you may come across. Seek professional help when it comes to make this decision and make sure that you update your policy as necessary when your business grows or changes.
- What types of incidents are covered? Depending on what insurance companies provides your coverage, certain incidents might not be covered under your policy. It is vital that you know what your insurance will and will not cover so that you are prepared to face anything that might unexpectedly happen.
- What types of discounts are available? Most insurance companies offer discounts to their clients. Ask your insurance agent what types of discounts you qualify for.
- What is the claims process? We always say this, but it is important that you understand your insurance company’s claims process.
The professionals are ready to help you navigate the insurance world. If you need help finding the right cyber liability policy for you, or just want to know more about how insurance can protect your business, contact us.