Liability Coverage for Data Breaches

Whether you’re a one-person-shop or own a large corporation, the likelihood of your business sustaining some type of data breach is high—greater than 50 percent. Recent events have demonstrated how even Fortune 500 companies and the US government are vulnerable.

To protect your business and your clients, cyber insurance is a must these days. This type of insurance covers a variety of risks, including:

• Online business operations and websites
• Credit card payments and other related merchant services
• Payroll management
• Tech-based business functions

At Davidson & Associates Insurance, our independent agents have access to dozens of cyber insurance products. We can help you assess your unique level of risk and select the coverage that best suits you and your customer base.

Why Cyber Insurance Is a Smart Choice

Your business liability insurance may not cover data breaches, or it may cap out at a certain amount. Cyber insurance is more comprehensive because it focuses solely on cybersecurity. It can help with:

• Legal fees and expenses in the event of a breach
• Customer notification
• Data recovery
• Hardware and software damage
• Restoring affected customer data

Your clients rely on you to keep their personal and financial data safe. Your reputation and bottom line can suffer if a customer’s Social Security number, credit card information, account numbers, passwords, health records, or other data is stolen. Likewise, your employees count on you to protect their information as well.

Reach out to us today to talk more about your cyber insurance needs. Call us at 360-514-9550 to chat, or contact us online to find out more or request a quote. Don’t wait until a data breach puts your business in jeopardy. Be proactive now, so you, your customers, and your employees will have the peace of mind that comes with knowing you’re doing your best to safeguard their data.