Monday, 11 July 2016

Nationwide Cyber Liability Insurance For Any Size Company

Nationwide Cyber Liability Insurance For Any Size CompanyWhat Cyber Liability Insurance Covers?

Some standard business insurance policies, such as a Business Owners Policy (BOP), may provide coverage for certain types of cyber incidents. For instance, if you lose electronic data as a result of a computer virus or hardware failure, your insurance may pay recovery or replacement costs. To extend coverage for a fuller range of cyber liability risks, you will need to purchase a stand-alone cyber liability policy, customized for your business. This type of policy can cover several types of risk, including:

Loss or corruption of data.

Business interruption.

Multiple types of liability.

Identity theft.

Cyber extortion.

Reputation recovery.

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