More on Cyber Liability / Data Breach Protection

 


What is Cyber Liability?

Cyber Liability Insurance covers a combination of options to help protect your business in case of a breach or loss of sensitive consumer data.  This data can include personal health information, personal identification numbers, debit / credit card data, and more.  The right cyber liability policy can help provide protection for your business in case you were to have a breach and one of these types of information be taken or held ransom.

 


What type of business needs Cyber Liability?

The short answer is just about every business these days needs to consider purchasing cyber liability.

Any business that has accessible customer info, health records, or When you consider that most businesses

Here are just a few that should be getting a Cyber Liability Quote ASAP if they don’t already have cover.

  • Financial Industry – Banks, Financial Advisors, Mortgage Companies, Lenders, Accountants / CPAs, Insurance Agents
  • Health Care Industry – Clinics, Doctor’s offices, Hospitals, Nursing homes
  • Car Dealerships
  • Retail stores – Lots of debit / credit transactions, plus more and more customer information is being asked at checked.

 


How can my business get breached?

There are a number of ways and they’re growing each day as hackers are coming up with new ways to steal information, but here are some of the most recognized events.

  • Phishing Attacks – and Employee gets tricked by an email or online message and clicks a link that redirects them to a fake site to steal their login info.
  • Employee leaves a company laptop behind or gets stolen from their vehicle.
  • Hacked – your website or company site gets hacked that may have access to consumer information.

 


Types of Coverage our Cyber Liability Policies Include…

 

  • Enterprise Security Events

  • Privacy Regulations

  • Crisis Management Expenses

  • Fraud Response Expenses

  • Public Relations Expenses

  • Forensic and Legal Expenses

  • Extortion Losses

  • System Disruption Business Interruption

  • Contingent Business Interruption

  • Data Recovery Expenses

  • PCI-DSS Fines

  • Website Media Liability

  • Ransomware

  • Social Engineering

  • Telecommunications Theft

  • Reputational Harm

  • Extortion Threat Reward

  • Invoice Manipulation

  • Bricking

  • Service Failure

  • System Failure

 


Natural State Insurance Group partners with a A+ rated insurance carriers and brokers who are experts in the technology industry, so you’ll feel as secure choosing NSIG as you will when your business is covered. 

In the event of a breach, our partners step in with forensic assistance and post-breach counseling.