There are a number of different types of commercial insurance that your business may need. One of them is called cyber insurance. This is a type of insurance that helps when there are certain problems with business computer networks, such as a data breach. It’s an indispensable type of commercial insurance that no business that uses a computer should be without. There are increasing threats to business data, and your business should be prepared for them. When it’s time for your company to get cyber insurance, we can help. Contact us at Fida Insurance Group, serving Monroe, CT and the surrounding area, to get started.
Data Breaches
No matter how tight a company’s cybersecurity is, there is vulnerability to data breaches. There are countless cyber criminals who are seeking data from businesses, and it goes on all over the world. Businesses of every size have found that their data has been stolen and either sold or posted publicly for others to find and use. Data can be valuable for criminals, and they will use your employees’ data, your customers’ data, and more and cause problems for your business.
The Cleanup
The cleanup is where cyber insurance comes in. It pays many costs that can be due after a data breach. It’s common to pay a settlement to each person whose data was stolen, and the policy will pay for this. It’s always important to have this type of policy so that you’re covered in case your data is stolen and a mess is left behind. A data breach can be catastrophically expensive for a company without this insurance.
Get Cyber Insurance
This type of commercial insurance is increasingly needed by the business community. It’s never a good idea to have a computer network without it. To get started, call us at Fida Insurance Group, serving the Monroe, CT area.
