Your online business is your pride and joy. Just as a brick and mortar store protects its assets with insurance, a digital business needs insurance as well. Cyber liability insurance keeps your online assets protected in the event of a breach. But with an insurance market so saturated with options, how do you know what to choose?
What Coverage to Look For
If a breach does occur, you want to be sure both your assets and your clients are protected. When trying to find a good cyber liability provider, you should always consider the potential costs of a breach and look for a company that offers coverage in every area. Some coverage areas you should specifically look for include:
- Cost of informing customers and employees of the breach
- Revenue loss associated with interruption of business
- Credit monitoring for affected customers
- Legal fees to determine if and how the breach happened
Every business is different, so be sure to talk to your insurance agent about specific coverage areas you should include to keep you and your customers safe. The right coverage should get your business back to the status quo as quickly as possible.
Protect your business from digital threats with cyber liability. Don’t let a breach put your business or your clientele in danger.