17 Aug The Value of Cyber Insurance
In 2013, Target was involved in a large data breach involving a third-party vendor. While Cyber Liability Insurance has been around for quite some time, this incident brought it to the spotlight – showing businesses large and small that data protection is crucial. So, make sure you’re covered.
Cyber Liability Insurance coverages can Include:
- Data Breach/Privacy Crisis Management
- Multimedia/Media Liability
- Extortion Liability
- Network Security Liability
Calculating your Coverage:
Coverage for cyber insurance can be determined by the risk an organization faces, in regards to the potential for loss of both data and revenue. Therefore, conduct calculations as a collaborative assessment between the organization and the insurer. Weak calculations result in coverage that falls short – so meet with an expert and take your time.
For Questions regarding your Cyber Liability Insurance policy, contact SourceOne Insurance today.
For coverage, SourceOne Insurance is the go-to for all of your insurance needs. Find SourceOne, located in Fort Wayne, Indiana. Then, call Andrew Morrison at (260) 436-3544, ext. 12.
Contributing Source: Computer Weekly