Cyber liability insurance covers the expenses involved with a cyber breach.
If the constant reports on the news about companies experiencing cyber-attacks have you worried, you aren’t alone. You might be wondering what you would do if a data breach were to occur and your customers started filing lawsuits. It could mean the end of a company that didn’t have a plan in place to weather this type of risk. At Legacy Insurance Partners, we take protecting your company’s financial health seriously. Our commercial lines specialists are happy to go over the various risks that you can obtain coverage to minimize. Cyber liability insurance is coverage that no company should be without these days, as both small and large companies can be vulnerable to hackers.
Cyber liability insurance doesn’t stop the hackers, but it does cover the expenses that you would face if they were to target your company. It might surprise you how many different costs are involved, including data restoration, legal fees, public relations costs, IT forensics, network business interruption, and the negotiation and payment of a ransomware demand. It is easy to see how devastating a breach could be without having cyber liability insurance coverage.
Reach out to us at our Greensboro, North Carolina office or any of our locations to learn more about what cyber liability insurance covers and how you can tailor your policy to your company’s situation. For example, the size of your company and your risk tolerance, among other factors, can influence the policy you ultimately choose. You can count on us to walk you through the process and address all your questions so you can make an informed decision.
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.