Do I Need Cyber Liability Insurance?

Recent cyber-attacks and data breaches in large companies such as Target and Home Depot have stirred conversation and worry amongst businesses. Do I need cyber-liability insurance? Despite common business owner belief, a general commercial liability insurance policy will not suffice in providing you with protection against cyber risks.

No matter how big or small your company is, you need cyber-liability insurance in order to guarantee the well-being of your business. A cyber-liability insurance policy will provide you will the following coverage:

• Coverage for the data stored on any damaged or hacked computers
• Business interruption insurance for the time it takes your business to recover after an incident
• Covers the cost of notifying any affected parties and clients
• Covers the cost of hiring a crisis management team or public relations professional that will be able to secure your company’s reputation
• Content liability coverage
• Covers the cost of investigating the crime

Allow the insurance experts at Chivaroli & Associates to provide every realm of your life with unparalleled protection. We can protect your business’ assets with a cyber-liability insurance policy that maximizes coverage for your organization.