Cyber liability insurance
Technology errors and omissions insurance (tech E&O) and cyber insurance are two forms of protection against cyberattacks for small businesses. While tech E&O focuses on cybersecurity errors that harm your clients, cyber insurance offers financial coverage for breaches that directly affect your business.
Commercial insurance protects businesses, freelancers, and independent contractors against liability lawsuits, property damage, cyberattacks, and other risks that could devastate your company.
Every liability insurance policy is different. Who is covered by your liability insurance depends on a few factors, including the type of insurance and any modifications made to the policy.
Cyber threats like denial-of-service attacks and phishing can hurt your reputation and your bottom line. Follow these steps to protect your business and your clients against cyber crime.
Online businesses face numerous risks that could lead to severe financial losses. These three online business liability insurance policies can help protect your company.
IT businesses accused of making professional mistakes or failing to complete work can be sued in an errors and omissions lawsuit. Disclaimers and insurance coverage can help reduce your risks.
Learn how to protect your consulting business by understanding the liability risks and taking steps to safeguard your assets.
In lost revenue and data, the cost of a DDoS attack on your tech business or your client’s business can escalate quickly. In fact, the average small to medium-sized business spends $120,000 per attack.
Third-party cyber liability insurance provides liability coverage for businesses, including tech companies, that handle other people's sensitive data.
First-party cyber liability insurance helps cover expenses resulting from a data breach or cyberattack on your business's own network.
Business data stored in a digital format online or on a hard drive are considered digital assets.
Cyber extortion is an online crime in which hackers hold your business data hostage or disable your websites or computer systems until you pay a ransom.
Technology errors and omissions insurance (tech E&O) covers providers of technology products or services when they are accused of negligence, mistakes, or oversights. It also covers data breaches that affect a tech business's or client's operations.
Data breaches and cyberattacks are on the rise, hitting large and small businesses alike. Hackers can steal client data, pilfer your bank accounts, or shut down your computers and demand a ransom. There are a few tips, however, that you can follow to reduce the risk of a data breach at your company.
