Nearly every company today relies on information technology to conduct business. At the same time, it seems as if nearly every day brings a new report of a data breach or malware incident where sensitive customer data is exposed or an organization’s internal systems are held hostage by hackers. Threats to a company’s IT infrastructure can cost hundreds of thousands or even millions of dollars to repair, bringing a business to its knees and possibly forcing it to shut down completely. In addition, the damage caused by IT threats can reach far beyond the company itself. The release of credit card information, Social Security numbers, driver’s license numbers and health records or other data can cause long-lasting damage to the business’ customers, their own banks and even other companies with which those customers do business.
CHOOSING A CYBER
Depending on the policy, Cyber Insurance may provide coverage against losses caused by data theft and/or hacking. In addition, it may cover losses stemming from denial-of-service and ransomware attacks and protect a company from liability for losses to others. Cyber Insurance can also help cover the cost of notifying customers affected by a data breach and any associated legal fees. Some policies also help pay to recover damaged data and repair affected computer systems. It’s important to note that in most cases, unless specifically outlined, a company’s general liability policy likely won’t cover losses related to IT infrastructure.
WHAT WE DO
The Insurance Pros at Cell Brokerage specialize in providing affordable and customized insurance options and superior service to business owners. We partner with a variety of insurance providers, so you are presented with options that fit your needs (and budget).
Our Insurance Pros work with you to:
- Understand the types of coverage you need
- Match you with a reputable insurance provider
- Identify how much and what type of coverage you want/need
- Bundle your plan with other types of coverage to maximize your savings
At Cell Brokerage, our clients are people, not policies.