Call Us 303.960.5290 ☰ ˟
  • Home
  • Personal Insurance
    • Car Insurance | Denver West Insurance Brokers | Golden, CO
    • Classic Car Insurance | Denver West Insurance | Golden, CO
    • Home Insurance | Denver West Insurance Brokers | Golden, CO
    • High Value Home Insurance | Denver West Insurance Brokers | Golden, CO
    • Condo/Townhome Insurance | Denver West Insurance Brokers | Golden, CO
    • Renters Insurance | Denver West Insurance Brokers | Golden, CO
    • Rental Property Insurance | Denver West Insurance Brokers | Golden, CO
    • Flood Insurance | Denver West Insurance Brokers | Golden, CO
    • Liability Umbrella Insurance | Denver West Insurance Brokers | Golden, Colorado
    • Builders Risk - For a Home Under Construction | Denver West Insurance Brokers | Golden, CO
    • Life Insurance | Denver West Insurance Brokers | Golden, CO
    • Motorcycle Insurance | Denver West Insurance Brokers | Golden,CO
    • Recreational Vehicle Insurance | Denver West Ins Brokers | Golden CO
    • Boat and Watercraft Insurance | Denver West Insurance Brokers | Golden CO
  • Commercial Insurance
    • Business Owners Package (BOP) Insurance
    • General Liability - The Insurance Coverage Every Business Should Have
    • Commercial Property Insurance | Denver West Insurance Brokers | Golden, CO
    • Commercial Auto Insurance | Denver West Insurance Brokers | Golden, CO
    • Commercial Umbrella Insurance | Denver West Insurance Brokers | Golden, CO
    • HOA Insurance | Denver West Insurance Brokers | Golden, CO
    • Cyber Liability Insurance
    • Errors & Omissions
    • D & O Insurance
    • Professional Liability Insurance
    • Apartment Owners Insurance
    • Daycare
    • Flood
    • Liquor Based Business
    • Farm
    • Special Events Insurance
    • Real Estate Insurance
    • Restaurant, Bar, & Tavern Insurance
    • School
    • Workers Compensation | Denver West Insurance Brokers | Golden, CO
    • Surety Bond
  • Make A Payment
  • Blog
  • Resources
    • How Insurance works
    • 10 Steps to Starting a Small Business in Colorado
    • Insurance Glossary
    • Frequently Asked Questions
    • Why Choose a Broker
    • Privacy Policy
    • Calculators
  • About Us
    • Employee Directory
    • Service You Can Expect | Denver West Insurance Brokers | Golden, CO
    • Location(s)
    • Testimonials
    • Contact Us
Logo
Home > Blog > What to Do If Your Small Business Suffers a Data Breach
THURSDAY, FEBRUARY 15, 2018

What to Do If Your Small Business Suffers a Data Breach

 

A data breach is a serious and expensive problem for any small business.   

 Colorado State Law defines a breach as:  When there is an unauthorized acquisition of unencrypted computerized data that compromises the security, confidentiality or integrity of personal information of a Colorado resident maintained by an individual or commercial entity.

Colorado State Law also dictates how a business must respond to a data breach or the business owner may face legal action by the Colorado State Attorney General to ensure compliance or to recover direct economic damages resulting from a violation. It is possible the business owner could also face a civil lawsuit from the injured party.

The two components of action that the business owner must address are:

1.     They must ‘promptly’ conduct a good faith investigation to determine the likelihood that personal information has been or will be misused.  If it is determined to be the case….

2.     They must immediately (and without unreasonable delay) notify the individual or commercial entity via telephone, US Post, electronically.

Fortunately, a small business can purchase Data Breach coverage on their small business insurance policy which helps to cover the cost of the investigation and notification process.  Depending on the level of coverage you purchase, expenses such as credit monitoring services for the afflicted, public relations restoration, legal fees and notification expenses can be reimbursed to the small business owner. Denver West Insurance Brokers, Golden CO works with many insurance carriers that offer data breach coverage for small business owners.

Posted 10:36 AM

Tags: business insurance, commercial insurance, small business insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

  • just good information(49)
  • home insurance(37)
  • auto insurance(27)
  • commercial insurance(21)
  • business insurance(21)
  • small business insurance(20)
  • renters insurance(10)
  • homeowners insurance(9)
  • investment property insurance(6)
  • landlord insurance(5)
  • commercial auto insurance(5)
  • liability umbrella insurance(4)
  • car insurance(4)
  • vehicle insurance(4)
  • automobile insurance(3)
  • liability insurance(3)
  • property and casualty insurance(3)
  • life insurance(2)
  • landlord home insurance(2)
  • professional liability insurance(2)
  • commercial liability insurance(1)
  • londlord homeowners insurance(1)
  • homeowner insurance(1)
  • commercial general liability insurance(1)
  • general liability(1)
  • home owners insurance(1)
  • commercial automodile insurance(1)
  • special event insurance(1)
  • landlord homeowners insurance(1)
  • commercial automobile insurance(1)
  • investnment property insurance(1)

View Mobile Version
Why Independent Agent?:

Because independent insurance agencies, like Denver West Insurance Brokers, represent a number of different insurance companies, and can compare coverage and prices to find the best possible value for your individual circumstances. As independent agents, we are members of the Denver and surrounding metro community, and we’re committed to doing business face-to-face and being your advocate in times of need.
Continue Reading


Logo
A Member of Alliance Ins Group
722 Washington Ave #C205
Golden, CO 80401

Ph: 303.960.5290
Fx: 303.988.8390
Logo
A Member of Alliance Ins Group
620 E. Main St.
Frisco, CO 80443

Ph: 970-930-2200
Fx: 303-988-8390


Social Social Social
Home Blog About Us Meet Us Contact Us

Powered by Insurance Website Builder