In today’s business world, it’s critical to protect yourself from data breaches and online threats that can have expensive, time consuming, and even devastating effects.
Every day we hear of another data breach in the news, and that’s why in today’s technology-driven world, cyber liability insurance is a necessity. This coverage protects your business from the serious effects of these attacks that can include lost data, recovery costs, and notification requirements.
of businesses have cyber insurance
Many companies don’t realize the risk they run when their devices are lost or stolen, their employees access malicious links, or their business becomes the target of a ransomware attack. Some studies suggest these breaches can cost an average of $6 million. If data ends up in the wrong hands, strict notification requirements must be met. If the data is lost, it can result in expensive employee downtime and recovery efforts. Sometimes it’s impossible to recover crucial data, and companies are forced to start from scratch. InSource can offer your company coverage in the following areas after a cyberattack:
Cyber insurance is a growing industry, and a proper plan depends on detailed knowledge of the subject. You can rest assured our team is continuously educated in the newest practices and regulations.
InSource has direct access to multiple cyber risk insurance carriers that offer this specialized coverage. We also offer specialized coverage options and loss control services including incident response services from approved vendors. You can trust our dedicated sales team to offer honest recommendations to meet your business’s unique needs and budget.
Cyber liability is a highly specialized insurance product that requires detailed knowledge to make sure your business is covered properly. Trust the experienced professionals at InSource with all your cyber insurance needs.
Protect your business with the right insurance through InSource Insurance Group.