Nearly every business today relies on computers to send and receive information. As a result, business owners are taking advantage of cyber liability insurance. These policies cover losses from cyber problems like data breaches and computer viruses while offering customers several important benefits.

Why You Need Cyber Liability Insurance

1. Restores & Protects Data

In this age of information, a business’s data is often even more important than its physical property. Unlike traditional property insurance, cyber liability insurance covers the cost of restoring destroyed or damaged data. It also covers security fixes to prevent future data breaches, along with identity theft protection for those affected by the breach. 

2. Covers Loss of Profits From a Cyberattack 

When a virus or other cyberattack causes a system failure, your business can’t operate as it normally would. That means you’ll lose data, as well as time and money.

Standard business interruption insurance won’t cover the loss of profits from a system failure, but a cyber liability policy will. It will also provide coverage for lost, stolen, and hacked devices that could compromise your business.

3. Investigates Cyberattacks

It’s important to figure out what caused a cyberattack so you can prevent future attempts. Many cyber liability insurance policies cover the costs of a forensic investigation. This process will provide you with answers regarding a cyberattack, letting you know how or why your company was vulnerable.

This information will allow you to better protect your business. Some policies even give you 24/7 access to cyber experts who can help you recover from the attack.

Protect your business with cyber liability insurance from Siemers Insurance Agency. Based in Cincinnati, OH, these agents serve businesses and individuals throughout Ohio, Kentucky, Indiana, North Carolina, South Carolina, and Florida. With over 60 years of experience, they’ll help you find an affordable policy that meets all of your business’s needs. To learn more about their services and get a free quote, visit them online or call (513) 469-8877.