Let us show you how cyber liability insurance can help you.

In our digital world, businesses rely heavily on technology and computer networks to store and process valuable data like customer information, financial records, intellectual property, and more. Unfortunately, this reliance makes them more vulnerable to online threats. At Legacy Insurance Partners, we offer cyber liability insurance to help protect your business from digital harm.

Consider the reasons listed below that you might need this specialized form of insurance, and then contact our Albemarle, North Carolina office to learn more.

• Data breach coverage. Data breaches can cause significant damage. Not only do you need to investigate the cause of the breach, but your customers might lose trust in your business if their data is taken. Cyber liability insurance may help pay for these costs and lessen their effect on your finances.
• Legal costs. Cyber liability insurance often covers legal fees and other costs related to cyber threats. This can include the costs of hiring lawyers, fighting cases, and paying fines or penalties from the government.
• Business interruptions. A cyber threat might cause your business to shut down temporarily or change the flow of your customer base. Cyber liability insurance might cover lost income during downtime and help you get back on your feet faster.
• Brand management. As mentioned, cyberattacks can hurt your company’s brand and make customers less likely to trust it. Cyber liability insurance can help pay for public relations, communication strategies, and other steps to fix the damage to your company’s image.
• Third-party claims. If a cyber event hurts a third party, like a customer or a business partner, they could sue your company. Cyber liability insurance can protect you from claims about data breaches, defamation, or intellectual property infringement.
• Compliance with regulations. Businesses must follow the rules about data security and privacy in many fields. Hefty fines can be charged for not following the rules. Cyber liability insurance can help cover the costs of compliance violations and government investigations if needed.

Cyber liability insurance plans can vary in what they cover and what they don’t, so it’s crucial to discuss your options with our team. You should also use best practices and cyber liability insurance to provide the best cyber risk management plan.

With cyber liability insurance representatives serving the communities of Asheville, Davidson, Greensboro, Hickory, North Wilkesboro, Albemarle, and Raleigh, North Carolina, our team at Legacy Insurance Partners is available to partner as your trusted business insurance advisor utilizing a consultative approach.