Cyber Insurance Policy – Secure Your Business From Online Threats
Protect your business against data and identity theft, cyber attacks and hacking. Businesses have websites and online data that are susceptible to cyber crime and the consequences can be extraordinarily extravagant. Generally, Cyber insurance helps cover your business, customer and other parties from financial loss following a breach of cyber security. It covers your business’ liability for a data breach that involves sensitive customer information. Coverage may include costs associated with:
- Revenue loss caused by business interruption
- Data recovery or replacement
- Third party data loss and liability
- Legal defence claims
- Government Investigation
- Copyright infringement
- Intellectual property misuse (online)
- Crisis management and monitoring
- Prevention of further attacks
Often, there is a deductible or limits and excess on cover so make sure to have a cross-check with us. It is essential for your company to respond in the event of a cyber attack or data breach and that’s when cyber insurance comes in handy.
This article originally appeared on Arena Insurance News and has been published here with permission.
Advisr does not provide advice and does not hold a financial service license (AFSL). All information above has been provided by Ashlee Stephens.