Check Out Our Cyber Liability Coverage

Given the extent to which businesses have become computerized, it should come as no surprise to learn that data breaches are a serious threat to the smooth and uninterrupted running of their operations. Fortunately, businesses can protect themselves using cyber liability coverage, which has become more and more essential in the Digital Age.

Schumacher Insurance

Source: Free Digital Photos

In main, cyber liability coverage exists to cover damages sustained because of a data breach as well as the business’s legal liabilities incurred in the same event. For example, if a business needs outside assistance to restore its systems following a data breach, cyber liability coverage can help with that. Similarly, if a business has to compensate its clients for letting their personal information be stolen, cyber liability coverage can help with that as well.

However, cyber liability coverage can also include coverage for a number of other costs associated with data breaches, with common examples ranging from the cost of fines and penalties to the cost of credit monitoring and computer forensics. Some examples can even come with compensation for lost income as a result of business interruption. In the end, the exact coverages included in cyber liability coverage depend on the insurance company as well as the business’s chosen riders, which is much the same as other forms of insurance.

The reason that businesses should consider our cyber liability coverage is a simple one. With the computerization of businesses, data breaches have become capable of inflicting serious damage within an extremely short time frame, making even minor lapses in security a potentially expensive and time-consuming problem. Worse still, there is no such thing as a perfectly secure system, particularly because the constant rate of changes means that vulnerabilities are created and corrected all the time.

Please contact us if you are interested in learning more.

Advertisements

About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on July 16, 2015, in Agency, Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: