Cyber Insurance

There are many concerns when you run a business, especially when your business uses technologies. Concerns like data breaches and other cyber-crimes are commonly known over the last couple years and have resulted in unexpected cost, major fines, and legal fees. A cyberattack can damage your reputation and put your customers and employees at risk. TransGlobal P&C Insurance Agency will help you evaluate the data liability risks your business may face and find you a policy that meets your needs.

Why you need cyber liability insurance or data breach coverage?

Hackers usually target personally identifiable information (PII) or personal health information (PHI) you keep on your business’s computers. Cyber liability insurance or data breach coverage can protect your business from data breach or cyberattack. You will find these coverages helpful if:

• Your business’ computers get a virus that exposes private and sensitive information
• You are involved in lawsuits related to customers, patients, or employee privacy and security due to a cyberattack or data breach
• You’re faced with high public relations costs to help protect your business’ reputation after a data breach

What does cyber insurance cover?

Cyber insurance cover your business’s liability for data breach involving sensitive customer information, such as social security numbers, credit card numbers, account numbers, driver's license numbers and health records. Beside legal fees and expenses, cyber insurance typically help with:

• Notifying affected customers, patients, or employees about a data breach
• Restoring personal identities of affected customers
• Recovering compromised data
• Paying damages to customers and clients who lose out because of your breach
• Lawsuits related to customer, patients, or employee privacy and security

Give us a call

To learn how you can protect your business with cyber insurance, contact TransGlobal P&C Insurance Agency. We are committed to keeping your business protected from a cyberattack.