Cyber Liability Is A Risk You Can’t Avoid

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Cyber Liability Is A Risk You Can’t Avoid

Cyber liability is the risk that every business faces today. You do not have to be a technology company to have a cyber liability risk.  According to the latest studies by insurance experts, firms with 50 or fewer employees are the most at risk of having a loss, due to lack of controls and security.  In fact, your business has a greater chance of having a cyber loss than it does of having a fire.

We recommend that every business consider cyber liability insurance. As businesses consider protecting themselves against cyber-attacks, it is important to understand what actions should be taken once a cyber breach occurs.

  1. Read your cyber liability policy, so you understand the coverage.
  2. Select an independent agent like our agency, to help you design a product that fits your needs, including deductibles levels.
  3. Develop a cyber breach policy to help manage a data breach.
  4. Report the claim as soon as possible to your cyber liability insurer.
  5. Protect client’s information should be your first priory.
  6. Your cyber insurance should also cover breaches arising from mobile devices.
  7. Look for coverage that does not have contractual liability exclusions.

Don’t leave your business unprotected.  Contact the experts at DC Insurers Mountain: Longmont for the right combination of pricing and coverage for cyber liability insurance. Thanks to Anderson Kill for providing some of this information

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