Protecting You From Digital Risk
If you collect payments or customer information, valuable data can get in the wrong hands easily through a misplaced laptop or hacking. You do not have to be a large corporation to be exposed to data liability, whether you are a Fortune 500 company or a small doctors office, it can happen to anyone and cost you dearly. 60% of companies never recover from a data breach.
Cybersecurity insurance is insurance coverage for liability that arises out of unauthorized use of, or unauthorized access to, electronic data or software within your network or business. Cyber liability insurance can fill the coverage gaps in Commercial General Liability (CGL) policies to cover data breaches from intentional actions, including hacking, employee theft, theft of equipment, and deception or misrepresentation to obtain unauthorized data.
Here are just some of the costs you could be liable for if a cybersecurity breach were to occur:
- Legal & Forensic Services
- Business Interruption and Additional Expenses
- Computer Program and Electronic Data Restoration
- Notification and Remediation Expenses
- Crisis Management/Public Relations Fees
- Good Faith Advertising Expenses
- Third Party Defense & Liability Expenses (including defense costs)
- And more
Lawley Insurance has access to Data Breach and Cyber Liability policies from insurance carriers that specialize in data protection insurance. Our business insurance experts will sit down with you to assess the nature and extent of any cyber liability exposures you face; then we’ll identify the steps you can take, and the proper cybersecurity insurance coverage you may need to protect your business.
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