Cyber Liability Insurance
Serving the State of Colorado, Denver, Golden, Lakewood, Littleton, Morrison, Evergreen and Summit County
What is cyber liability insurance?
The sensitive customer data stored within company servers and in the cloud is vulnerable to attacks from hackers and other cyber criminals. Most people think only large corporations are in danger of cybercrime attacks. But, all businesses that use computers connected to the Internet are at risk.
What are the benefits of cyber liability insurance?
CO State Law requires a breached company to investigate the breach, notify effected vendors, employees and/or customers and pay for credit monitoring services for up to 1 year. More than one-third of businesses experience a data breach each year. If a similar event happened at your business, would you be able to pay for the resulting damages?
Cyber liability policies cover a variety of expenses associated with a cyberattack:
- Breach Investigation Expenses
- Stolen data retrieval
- Reimbursement of fraudulent charges
- Identity protection services for customers at risk of identity theft
- Damage control for your business’ reputation
- Legal fees associated with the attack
- And other cleanup efforts
A general liability policy often excludes losses incurred because of an Internet breach. A cyber liability policy can fill in that gap. It may be the difference between closing your business and making a comeback.
Cyber liability coverage is rapidly becoming a ‘must have’ coverage for all business’. Give us a call at 303-960-5290 to get more information. We can evaluate your business’s needs and find a policy that offers the best possible protection against cybercrime. Our Licensed Agents are standing by waiting to take your call.