Cyber liability insurance keeps growing with the advancement of technology but there are four exposures that you can cover today and protect yourself from loss.
Data Breach: Increased government regulations have placed more responsibility on companies to protect clients’ personal information. In the event of a breach, notification of the affected parties is now required by law. Even companies that don’t transmit personal data over the internet, but still store it in electronic form, could be susceptible to breaches.
Intellectual Property Rights: Libel (a written form of slander), copyright or trademark infringement and defamation, among other things, are all risks available online.
Business Interruption: A disaster that cripples your ability to transmit data could cause you, or a third party that depends on your services, to lose potential revenue. Your day to day operations that earn revenue can be halted because of a cyber attack.
System Failure: A natural disaster, malicious activity or fire could all cause physical damages that could result in data or code loss.
Have more questions on what you should do to protect your business in the digital age? Call our office today!