At Risk Solutions, we cover cybersecurity insurance, protecting your company during a data breach.
What is Cyber Insurance?
Cyber liability insurance covers your business’ liability of sent, received, and stored electronic data. In case of a data breach, cyber insurance covers the cost of lost or stolen data.
Why does your business need cyber insurance coverage?
Cyber liability insurance covers the legal fees and expenses of a data breach. It will also assist with notifying customers of a data breach, restoring personal identities, recovering compromised data, and repairing damaged computer systems. This process can often be costly and time-consuming.
How much does cyber insurance coverage cost?
The cost of cyber insurance differs based on the risk; this may vary from $500 to $50,000.
What is not covered by cyber insurance?
General liability insurance
Commercial property insurance
Employment practices liability insurance
Professional liability insurance