If you answered “yes” to any of these questions, you have certain potential liabilities that probably aren’t covered under your standard business insurance policy. Worse yet, any data compromise could cost your business thousands and thousands of dollars—an out-of-pocket expense you wouldn’t need to worry about if you purchased cyber-liability insurance.
The range of cyber-related risks includes everything from privacy issues, intellectual property infringement and defamation to lost data or data breaches, virus transmissions and other potentially serious problems. In addition to covering the costs consumers incur as the result of your business’ negligence, when a breach does occur, you also may need to notify impacted customers, provide credit monitoring services and more. There’s a good chance your day-to-day business operations will be interrupted and, depending on the breadth and severity of the problem, you may want or need to hire a communication firm to help repair any reputational damage you incur.
A recent Inc.com story described the importance of cyber protection really well: “It’s not just for big companies,” the article said. “Cyber insurance can make the difference between staying in business and shutting your doors after an attack.”
Our team at Paradiso Insurance understands cyber exposures and we know how to protect you from the devastating costs associated with them. We work with a number of top-notch insurance companies to make sure your business insurance doesn’t have any gaps—including gaps related to cyber risks—and that your customized insurance program represents the right fit at the right price.
We’ll explore how the following coverages might fit with your particular business needs:
Again, if your firm uses technology in the course of conducting business, you face a cyber risk. The threats are growing, as are regulations that address how you handle data and what happens if it’s compromised. The worst thing you can do is ignore the risk.
The best thing you can do is understand your risks and make sure your business is properly protected. That’s where we can help. We can look at your exposures, help you assess your risks, and then put together a cyber-insurance solution that provides the coverage and delivers the resources you’ll need to address the impacts of various cyber events.
Give us a call, stop by our Main Street office, or use our quote request form to get the process started.
With an umbrella policy, your chances of weathering the storm—or accident or lawsuit—are much better. Getting the right protection—and the right amount of protection—is easy.
We’ll show you the various options that exist to keep you protected and put together a program with one of the dozens of top-notch insurance companies we work with that best fits your particular needs.
At Paradiso Insurance we understand how this important protection can help you avoid costs associated with workplace injuries. And we’re experts at finding the right coverage for your business.