Cyber Liability Insurance – More Important Than Ever!

In light of the recent global cyber-attack of the WannaCry ransomware which infected literally 10’s of thousands of infections in about 100 countries, we would like to remind you of the importance of having cyber liability insurance for your business.

Cyber insurance is kind of like buying homeowners insurance in the event of a burglary.

Technology and data are fundamental to doing business today. And with the digital landscape changing so fast, it can be difficult knowing where the next risk is coming from. Both external threats and internal errors pose risks. And if your network or data were compromised, your business could quickly grind to a halt.

This could be an employee using or stealing sensitive customer data – a virus in your computer network – or even a hacker closing down your website.

Cyber Insurance can protect your business and give you peace of mind. If something were to go wrong, the consequences could be severe. If you experience a data breach, the cost of fixing problems and business delays can quickly mount up. Negotiating with industry regulators managing investigations takes time and affected customers could sue for damages. Or if your computer system or website are targeted by a hacker, your business may be unable to function.

Any of these situations could cause long term damage to the reputation of your business. That’s why it’s now more important than ever to be sure you have cyber liability insurance to protect your business. Call us to find out what cyber liability insurance options are available to you.