Your small business is important, and so is keeping your information safe. Due to the growing reliance on technology, cyber risk has long been considered a top risk for many businesses. In an era when almost everyone uses some kind of cyber technology every day, the world of cyber presents a great opportunity for criminals. To stay safe from cyber-attacks, understanding the risks of cybercrime losses like business interruption, fines, and penalties associated with a data breach may not be covered by general liability insurance.
1.What is cyber liability insurance and its benefits?
Cyber liability can be 100 different things, but in simple terms, it is when a “Cyber Criminal” takes over your system and accesses your data.
2. What is covered by cyber insurance?
Cyber Insurance covers the cost resulting from privacy, data, and network data breaches.
3.Who needs cyber liability insurance?
Everyone is encouraged to protect their business with cyber insurance.
4. How do you decide what cyber policy is the best fit?
Give your insurance agency a call or schedule a consultation to find what cyber insurance policy will work best for you or your business.
5.What does the process of buying cyber insurance look like?
The application process is easy compared to the hassle of cyber-attacking. The timeframe is typically 1-2 days for the application process. The information often needed is the number of employees, type of industry, and company sales.
In the event of a cyber-attack, cyber insurance is so important. A cyber policy is written to cover losses that other policies will not. Schedule your cyber-liability consultation in the form below. You can also follow us on Instagram at @wyatt.insurance or follow us on Facebook here.