It’s nearly impossible to conduct business today without a web presence. If your business is online, it’s important to have cyber risk insurance in Indiana, whether your company operates locally, conducts its business nationwide or is a global concern. Cyber liability is a risk faced by businesses of all sizes, and across all industries.
A good cyber risk policy will protect your business from a number of threats, including network security risks and breaches in your data. If you’re the victim of a disgruntled employee, a hacker, or loss due to errors by a third-party vendor, the results can be very costly. The expenses related to these kinds of losses can include paying for a forensics investigation to see how the breach happened, monitoring credit cards, and reporting the breach to customers, just to name a few. No matter how big or small your company is, this can be catastrophic if you’ve had sensitive information compromised, so cyber risk insurance is a solid way to protect your assets.
Ordinary liability insurance will not protect your business from the damage you might incur from cyber threats. That’s why it’s critical for you to have cyber risk insurance in Indiana. A good insurance agency can customize your policy to make sure it meets your company’s particular needs, giving you coverage for liability and the costs related to data breaches, costs related to restoration of data assets, business interruption, reputational damage, and more. You owe it to yourself and your company to find out about cyber risk coverage today.