Why Your Business Needs Cyber Liability insurance

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Why Your Business Needs Cyber Liability insurance

photo_39596_20150724Longmont Cyber Liability Insurance

Cyber liability coverage has evolved from just insurance for information technology companies to coverage that nearly every kind of business should have – if they don’t already. As technology becomes more complex and sophisticated, so do the threats we face, which is why every business and organization needs to be prepared with cyber liability insurance.

From retailers, banks, contractors, distributors, restaurants and medical offices, many Longmont businesses are unaware of the severe data breach exposure they face. Any business not trying to protect personal private information is seriously out of step with the emerging landscape of privacy law.

We can provide your firm with the right combination of pricing and coverage. Cyber risk insurance is available at very reasonable premiums. Many of our companies offer coverage to help protect your business from loss.

Cyber Risk Prevention

  • Do not use the same password for your accounts, important accounts such as online banking, financial services or online purchases with your credit should have different passwords.
  • Install security software that is designed for your specific business.
  • Only connect to the Internet over secure, password- protected networks.
  • Don’t collect information that you don’t need.
  • Reduce the number of places where you store information.
  • Only connect to the Internet over secure, password- protected networks.
  • Don’t store important information on lap-tops.
  • Password protect your important document.
  • Review bank and credit card statements monthly.
  • Having the company’s database on a different web server than the application server.
  • Never email information on an unsecured Wi-Fi net

Many people do not realize the importance of commercial insurance products and are reluctant to spend a decent amount of money on it. Finally they realize their mistake too late to correct it, as their insurance product does not provide adequate amount for the damages caused by an external agent. Commercial insurance products make sure your company is successful and safe through both favorable and unfavorable times.

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