Cyber Liability Insurance
In today's data driven world businesses of all sizes have an exposure to Data Breach. When organizations collect and stores public personal information it is at risk for a data breach. All businesses are vulnerable targets including Education, financial services, nonprofits, Medical office, manufacturing hospitality and the retail sector are but a few. All of them store sensitive information like social security numbers, credit card information, and medical records. This can create enormous financial and reputational consequences for your business.
HOW DATA BREACHES HAPPEN
Data breach can be due to hackers preying on a business's vulnerability, this can happen on smart phones, tablets, laptops or flash-drive that are lost or stolen. It can also happen when credit card information falls into the wrong hands. Records and files can be easy targets, especially when the files are not carefully shredded
The type of data breach insurance your business needs depends on the specific kinds of work your business does.
Data Breach "First Party Coverage" can provides coverage that includes legal and forensic analysis, notification costs that are legally mandated in 46 State, crisis management event expenses and more.
Data Breach "Third Party Coverage Defense and Liability." Can provide coverage for defense costs, civil awards, settlements or judgments that a business can be legally obligated to pay.
Do you have questions about Cyber Liability Insurance ?
Located all across Western and Upstate New York! Contact a Cyber Liability Insurance specialist at Eastern Shore Associates today to answer any of your Cyber Liability Insurance questions or for a free Cyber Liability Insurance review and quote.