Cyber Liability Insurance
Are you concerned about your organization’s Cyber, Privacy and Data Security risks?
Cyber risk is now a major threat to businesses. Today, it’s become a matter of how a company manages and responds to cyber risks that counts. Companies need to make decisions around which cyber and data risks to avoid, accept, control or transfer. Data not properly managed can quickly become a liability and an expensive direct cost to your company. When a data security breach or a cyber attack happens, you’ll need comprehensive cyber insurance protection to help respond.
Coverages available include: Network Security Liability, Privacy Liability (Including Employee Privacy), Breach Response, Privacy Regulatory Defense, Fines and Penalties, Errors and Omissions, Forensics, Multimedia Liability, PCI Fines and Penalties, Network Business Interruption, Data Loss, Cyber Extortion and Cyber Terrorism
How do I Protect my Organization?
While cyber insurance is not a substitute for preventing a security incident or a data breach from occurring, most companies need coverage for network security and privacy losses that occur despite the controls they have put in place. Cyber/data breach insurance helps companies and organizations get back to business after a cyber attack and/or data breach. There are policy conditions, so you will want to make sure you understand upfront what’s required on your part for coverage to apply. That’s why its advisable you work with an insurance broker, such as The 1st Liberty Insurance Agency that has experience with and understands the differences between the various cyber/data breach insurance policies and coverages that are available today.
As experienced cyber insurance experts/brokers, we can help your company navigate the cyber insurance policy selection, underwriting and purchasing process. Our team of cyber insurance experts/brokers have in-depth knowledge of the industries and cyber exposures we cover and can help create and customize a cyber/data breach insurance policy that best suits your company’s simple or complex needs.