Cyber Liability Insurance
Cyber liability insurance covers financial losses that result from data breaches and other cyber events.
Sensitive information such as Social Security numbers, credit card numbers, and health information are all at risk from internal and external attacks. Data breaches have increasingly become more common in today’s business society. The results often lead to major fines and legal fees for any size business especially without coverage.
So what can Cyber insurance cover?
- DATA BREACH RECOVERY
- STOLEN DEVICES
- NETWORK SECURITY FAILURE
- COST DIRECTLY ASSOCIATED WITH A CYBER INCIDENT
- LEGAL EXPENSES
- DATA RESTORATION
- MEDIA LIABILITY
- ERRORS AND OMISSIONS
- COST OF NOTIFYING THE PUBLIC
- REPAIRS
- PLUS, OTHER INCIDENTS NOT LISTED
Is your business protected with Cyber Liability Insurance?
There is no “one size fits all” coverage when deciding on what cyber insurance is best for your business. The average data breach cost $242 per person whose information has been compromised. The average size breach, that contains sensitive material, is estimated at 25,575 records.
The end result on average is a loss of $6,189,150 which is a devastating blow to your business.
Commercial Options
We've got you covered !
Here at H.B. Cowan we can provide you with the personalized experience, knowledge and support your company deserves. Give us a call today.
Proudly Serving Tennessee Since 1893
