Cyber Liability Insurance
Cyber Liability Insurance Information
Cyber Liability Insurance in Missouri
Many businesses don’t think they’ll be the victim of a cyber crime—until it happens to them. Data breaches, ransomware attacks and other types of cyber threats are a constant danger to any sized business that does business online or uses any type of technology.
One of the best ways to protect yourself against cyber risk is to ensure that you have proper cyber liability insurance. The team at Lakenan can help you identify potential cyber exposures and find a policy that helps protect you against such risks. Give us a call today to get started.
What Is Cyber Liability Insurance?
Simply put, cyber liability insurance helps protect businesses from the costs related to a cyber attack. It generally helps cover expenses associated with notifying customers of the attack or data breach, credit monitoring services for affected customers and fines and legal fees related to the event.
Do I Need Cyber Liability Insurance?
Generally speaking, any company that uses technology (e.g., computer, cloud software, credit card processing) should consider purchasing a cyber liability insurance policy.
What Does Cyber Liability Insurance Cover?
Commercial cyber liability insurance helps the business compensate others if an internal data loss incident occurs and puts third-party personal security on the line. Although what will be covered by your specific policy may vary, they typically help cover the following costs:
Reimbursement of fraudulent charges
Identity protection services for customers at risk of identity theft
Damage control for your business’s reputation
Legal fees associated with the attack
Regulatory notification fees
If you’re in the market for cyber liability insurance, we can help. Give the team at Lakenan a call at 573-883-7446 to get started or speak with an agent today.