No matter what type of business you have, cyber crime and other technological issues are a legitimate concern. That’s why many business owners are opting for cyber liability insurance, which offers protection against a wide range of incidents including breaches of customer data and malware attacks. If you’re considering obtaining a cyber policy for your commercial enterprise, take a look at the following information.

Cyber Liability Insurance FAQ

What Types of Risks Are Covered?

Cyber risks can be expansive, especially when technology plays a major role in daily operations. While each insurance policy will differ, covered risks usually include malicious attacks, privacy breaches, failure of IT systems, internal theft, hacking, and many other instances.

Does Professional Liability Offer the Same Coverage?

Even if you have professional liability coverage in place, it may fall short in some areas. For instance, some policies extend coverage to the physical equipment in your workplace but not to the data stored on them—in this case, cyber insurance fills in these gaps.

Are There Exclusions?

With most policies, acts involving unfair labor or employment practices and theft of intellectual property or trade secrets won’t be covered. If you’re concerned about exclusions, be sure to ask your insurance agent before agreeing to a policy.

How Do I Know If I Need Cyber Insurance?

If your business stores customer information and other essential information digitally, you must have cyber liability coverage in place. Third parties could easily breach your computer system to access sensitive data, which can then be used for their benefit. This is especially important when it comes to customer financial information, which can lead to huge legal hassles and lost business.

As technology advances, so must your insurance agency. That’s why Advantage Insurers, Inc. of Demorest, GA, offers cyber liability insurance to local business owners. Agents will work with you to understand the specific coverage you need and find a policy that is both effective and affordable. As an independent agency, they will shop around on your behalf to find quality coverage, whether you need insurance for your business or home. Schedule a consultation with an agent today by calling (706) 754-1590. You can also visit the website to learn more about cyber coverage.