Just about any organization that uses technology to do business faces cyber risk.
Technology has become such an integral part of the standard operation and many companies have confidential information stored somewhere. They may store customer information in a software in the cloud, on a server, or even in paper files. Many people have heard about the bigger companies being hacked and the amount of money it cost them. If a small business was to be hacked or even if certain confidential information was given out accidently, you cold be on the hook for the reprecussions. There are laws in place with regard to procedures if a business was hacked and what needs to be done. For example, the Attorney Generals office must be notified as well as customers affected. Cyber Liability coverage covers these losses. The policy will pay for the notification of the necessary people as well as even public relation costs to assist the business with maintaining their good name. Most small businesses wont know they were hacked for more than 200 days. What do you do when you find out? That is where the cyber liability coverage comes in. They have the procedures in place to take care of it for you. Contact us today to discuss cyber liability.