We live in a world of ever-evolving technology. Every industry has experienced technological advances improving efficiency, responsiveness and quality of work, but those advances have created new risks. That’s why ProtectALL Insurance offers cyber liability insurance: to keep your business safe from malicious actors.
As more and more assets are stored digitally, it becomes more and more important to safeguard them against online threats. That’s the purpose of cyber liability insurance, also known as cybersecurity insurance or cyber insurance: to serve as a financial shield for businesses operating online.
Cybercriminals are forever looking for new ways to use technology to their advantage, and the techniques they use – including data breaches, malware infections, phishing scams and ransomware attacks – have the potential to cause a major impact on your organization’s finances. Cyber liability insurance works as, essentially, a financial safety net, minimizing the financial repercussions and covering expenses such as data breach liability and privacy liability.
Cyber liability insurance is a necessity for any company that does business online, particularly if that company conducts transactions online (think retail businesses) or stores customers’ personal information there (think health care providers). Small businesses are especially popular targets, as they seldom have the kind of cybersecurity that larger organizations can afford.
Get a custom quote on cyber liability insurance today by reaching out to the team at ProtectALL Insurance.