business insurance in Orlando, FL

What Is Cyber Liability Insurance?

Do you need business insurance in Orlando, FL? Have you considered cyber liability insurance? Many people don’t realize that small businesses are actually at a higher risk than large corporations for being targeted by cyber criminals. Don’t let this happen to you. Protect yourself with cyber liability insurance.

What Is Cyber Liability Insurance?

Cyber liability insurance covers your business’s liability in the event of a cyber data breach. If you store or transfer any customers’ personal information, you are at risk. Your system could be compromised, and your customers’ personal information, such as Social Security Numbers or credit card numbers, could be leaked. Cyber liability insurance protects against losses and costs associated with a data breach.

What Does Cyber Liability Insurance Cover?

Policies can vary, but typically cyber liability insurance includes coverage against claims and costs that result from cyber breaches that result in the following:

  • Notification costs
  • Fines and penalties
  • Credit monitoring
  • An audit to find the source of a cyber breach
  • Costs to defend against claims from the state
  • Claims from losses by third parties
  • Loss resulting in identity theft

Find an Agent Who Can Help Select the Policy That Is Right for Your Business

Your specific risk may vary depending on your type of business, and you may require additional coverage. It is best to talk to an agent to select the policy that is right for your needs if you need business insurance in Orlando, FL.