What is Cyber Liability Insurance?
As data breaches become more and more frequent, cyber liability insurance should be a top priority for every company. Cyber liability insurance is designed to protect companies against third party claims due to a data breach of sensitive, personal, or confidential information. It can also cover errors and omissions, and Media Liability.
What Does Our Cyber Liability Insurance Cover?
Data Breach Coverage
Cyber Liabililty Insurance covers your company when someone breaches and exposes or steals social security, credit card, and personal information.
Errors and Omissions
This covers claims that are caused from performance errors or issues with your software or consulting.
This includes claims on copyright infringement, trademark infringement, slander, and infringement on intellectual property.
Why You Need Cyber Liability Insurance
-Cyber Liability Insurance covers more than just security breaches.
-It does not matter if you host data on your own server, you will still be legally responsible.
-The annual number of data breaches continues to climb every year in the United States.
-According to a published IBM study, in 2015 the average cost of a data breach was $4 million, with the average cost incurred for each lost or stolen record to be $158.
Interested in Learning More?
If you want to learn more about what we can do for you with our cyber liability insurance, fill out a form or give us a call today! With offices located in Montgomery and Birmingham, we are dedicated to finding the best solution for you and your company.