Blog

Cyber Liability Coverage for Optimal Business Protection

Cyber Liability Coverage

Recent mass data breaches and hackings have increased the importance of obtaining cyber liability coverage. As the majority of our work operations are now conducted online and nearly all of our data and files are stored electronically, many businesses simply cannot risk the damages a cyber attack leaves behind. We want you and your sensitive data to remain safe, which is why we have gathered some points of guidance emphasizing the importance of cyber liability coverage as well as some safety tips to abide by:

Why Do I Need Cyber Liability Insurance?

  • Despite common assumption, cyber liability insurance is very affordable, especially once the amount of protection it provides is considered.
  • Your cyber liability policy will provide you with a great deal of protection you never even knew you needed. For example, after a cyber attack or data breach, this policy will allow you to react and recover with ease. You will have an experienced team by your side guiding you through each step of the process.
  • If you do not have a risk management team, it is imperative that you obtain this vital form of security. Your cyber liability insurance carrier will act as a risk management team for your organization.
  • Many business owners assume that they will not be held responsible because they do not host their data, however, you are still liable and at risk.

Cyber Safety Tips:

  • Have each employee use a more secure browser, such as Firefox or Chrome.
  • Explain to your employees that risky websites are not the only ones at risk. Many social media sites can easily be hacked.
  • If a criminal is able to guess your social media passwords, chances are, your email is next. It is important that you host a meeting where you explain to your employees the importance of formulating unique passwords that have no tie to the business, their name, or any other common password combination.

Are you partaking in safe online habits? Contact Global Financial & Insurance Services in Irving for all of your Texas cyber liability insurance needs. Your online activities deserve unparalleled protection through a cyber liability policy.