Cyber Liability Insurance
Cyber Liability Insurance Quote Forms
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Cyber Liability Insurance Information
Technology and computer systems can be very useful for your business operations. They can process transactions and store vast amounts of information; however, data loss and cyberattacks can still occur even with extensive network security. Cyber liability insurance can provide financial assistance in these situations.
Crossland Coverage in El Paso, Texas, is ready to help you secure the right insurance for your business’s needs. Contact us today to discuss cyber liability coverage options.
What Is Cyber Liability Insurance?
Although your company may be the victim of a cyberattack or a breach that results in data loss, your business may still be responsible for the associated expenses. Cyber liability insurance may assist in mitigating the damage of these events by providing financial support to help the affected parties recover.
What Does Cyber Liability Insurance Cover?
Policies vary, but cyber liability insurance may help cover costs associated with data loss. A policy may provide expenses for:
- Identity theft protection or credit monitoring for affected clients
- Lost income due to the interruptions these events cause
- Notifying affected parties that a data breach occurred
- Repairing your business’s reputation
- Investigating the cause of the cyberattack
- Legal fees
- Recovering lost data
- Reimbursing fraudulent charges
Causes of data loss that may be covered include:
- System failures
- Employees accidentally releasing information
- Malicious destruction of data
- Phishing emails
- Losses due to malware or viruses
Other causes of data loss may be covered—peak with your agent to discuss terms, limits and exclusions.
What Does Cyber Liability Insurance Cost?
The cost of cyber liability insurance varies. Several factors may impact premiums, including the amount of confidential information you store and the number of employees and clients. Additionally, your selected coverages and claims history may influence the price.
Contact Us Today
Crossland Coverage is ready to help you find the right cyber liability insurance policy for your business’s needs. Contact us for more information or a quote.