The Necessity of Cyber Liability Insurance
Technology makes doing business much easier. But it also puts most businesses at risk for cyber attack. Technology is more complex and sophisticated than ever before, and so are the threats. Every business and organization must protect itself against cyber threats. Cyber liability insurance, paired with a cyber security plan, is the best way to reduce the threat.
What is Cyber Liability Insurance?
Cyber Liability Insurance is coverage that helps protect your business or organization from cyber attack. Statistically speaking, cyber attacks aren’t that rare. And Petschauer Insurance cyber insurance policyholders have tools and resources that help before and after a breach occurs.
Cyber Liability Insurance Coverage
If a breach occurs, then a business or organization could face a lawsuit or liability claim. Cyber liability insurance covers the costs associated with such an event. The amount of coverage needed depends on the level of risk involved. For example, a bank would likely need more coverage than an advertising agency.
Petschauer Insurance understands the complexity of cyber threats. We have solutions that protect your business assets. Contact Petschauer Insurance for more information about Cyber Liability insurance.