Resiliency & Recovery

It is not if but when! Understanding how to bounce back and recover.

Cyber liability insurance tips

You should consider cyber liability insurance if your company collects identifiable personal information in digital format.

Insurance can be valuable protection in case a data breach or a cyber-attack endangers the confidentiality of that information.

Depending on the policy, the insurance can help cover numerous legal and administrative costs.

Shop around

Cyber insurance is relatively new, and rates are rising rapidly as hackers strike again and again. Policies also vary from company to company.

For these reasons, your company needs to do some digging.

  • Talk to insurers about your business so they understand your potential exposure and needs.
  • Be prepared to upgrade your system. Insurance companies may require security patches and other steps to safeguard your data.
  • Ask if the policy covers legal costs. Hacks often lead to complaints and reviews that are best handled by a qualified, experienced attorney.



Other Posts you might like...

Simplifying FTC Compliance for Small Business Owners with BizCom Support 
In today’s digital business landscape, protecting sensitive customer information is more important than ever. For small business owners, navigating the...
Cybersecurity – Risk and Risk management
Digital technologies have evolved more rapidly than any innovation in the history of mankind. Digital advances, new devices, and media...
What should you know about Cyber Security?
As a business owner, there are several key things you should be aware of related to cybersecurity. Failure to address...
Why Business Continuity Planning is Important for your Small and Medium-Sized Company
Keeping your business up and running during a crisis requires a high level of advance planning. Even though you can’t...