How Cyber Insurance Will Protect Your Business

Keeping your company safe in case of a cyber-attack.

In the past couple of years, the number of cyber hacks has been steadily increasing. From health insurance companies to major retailers, every company is at risk of having to deal with a data breach. Investing in the right cyber insurance policy can help to ensure that your company has the right amount of protection.

While every cyber insurance policy will vary slightly depending on the needs of your company, all policies have four main components, including:

  • Errors and omissions – which will provide coverage for any claims that come out of mistakes that you make while performing your services such as consulting, software, and services.
  • Media liability – which will provide coverage for advertising injury claims, including copyright/trademark infringement, libel, slander, and infringement of intellectual property.
  • Network security – a failing network security can open the door to various exposures, including cyber extortion, virus transmission, data breach, and more. If your security is not able to keep out those who shouldn’t have access to your secure information, you may find yourself in big trouble.
  • Network privacy – privacy is not always connected to the security of your network. It can also apply to the physical breach of files, such as if files that are sent to the wrong client or if a laptop is stolen.

Having the right business insurance policies can not only help to keep your company safe, but it will also give you the peace of mind that you deserve as a business owner. Contact the insurance professionals at Mayer Insurance in Apple Valley, Minnesota for all of your commercial insurance needs. As an independent insurance agency, we will work closely with you to ensure that you have the right amount of coverage, all at the right price to fit your budget.