Cyber Liability

cyberliabilityAlso called internet liability, e-business, or technology insurance, this insurance coverage is relatively new and necessary for most businesses. The concept of Cyber Liability takes into account first- and third-party risks. This includes privacy issues, the infringement of intellectual property, virus transmission, or any other serious trouble that may be passed from first to third parties. Your business may not have a website, but do you bank or pay your bills online? Do you accept credit or debit cards as payment from your clients? Do you keep detailed records of your clients in your office? Most states have enacted laws, too, that require notification to your clients in the event of a breach. This can be extremely costly. Think your business isn’t affected? Check out:http://www.privacyrights.org/data-breach, a website providing a list of businesses that have experienced breaches. Our team of professionals can connect you with the right insurance company to protect your business.

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