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A single cyberattack on a business can severely damage the financial health and reputation of an organization. Hackers, ransomware, viruses or even system glitches can quickly disrupt operations - and the costs to recover can be devastating. Regardless of the size of a business or industry, all businesses face cyber threats and having cyber liability insurance and a robust cybersecurity plan are essential.
Talk to your independent agent about how you can better protect your business.
CyberRisk insurance provides many solutions with options that include coverage for forensic investigations, litigation expenses associated with the breach, regulatory defense expenses/fines, crisis management expenses, business interruption and cyber extortion.
CyberRisk protection doesn't end after a breach occurs. Also included is Betterment – an insuring agreement that provides coverage for costs to improve a computer system after a cybersecurity breach when the improvements are recommended to eliminate vulnerabilities that could lead to a similar breach.
CyberRisk insurance can help protect organizations of all sizes, from small businesses to Fortune 500 companies and every organization in between.
Information from: travelers.com
2025-05-23 07:21:44
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