Network/Cyber liability will cover your business not only for software and hardware losses, but more importantly it will provide a suite of protection for complying with privacy laws if you employees and/or client records have been made vulnerable. Compliance with these regulations include mailing a notification letter and purchasing 1 year of credit monitoring service on all your potentially exposed clients. Additionally your business may be liable for any losses your clients incur to their financial health due to a cyber attack to your system.
Many companies are unaware that their current business and insurance policies most likely do not cover them for all of their technology-related risks. Our network/cyber liability insurance protection offers coverage options tailored to fit your company’s unique needs.
In today’s technology-driven world, companies face a number of dynamic exposures. Whether it is faulty software, inappropriate advice, misconfigured firewalls or inadequate anti-virus software, hardware failure – companies are increasingly at risk. Claims are growing rapidly, leaving companies liable for expensive lawsuits.
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