Cyber liability insurance
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.
Commercial insurance protects businesses, freelancers, and independent contractors against liability lawsuits, property damage, cyberattacks, and other risks that could devastate your company.
Depending on the scale and severity of a cyberattack and the cost of data recovery, settlements or judgments could easily top six figures. Evaluate your business risk to determine how much cyber liability insurance you need.
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.
Online businesses face numerous risks that could lead to severe financial losses. These three online business liability insurance policies can help protect your company.
Technology errors and omissions insurance (tech E&O) provides coverage when you’re accused of negligence, mistakes, or oversights. It also covers data breaches that affect your business or a client’s operations.
After a data breach or cyberattack, cyber liability insurance compensates your tech business for any costs related to the incident, including lawsuits filed by your clients. Find answers to common questions about this policy.
Cyber liability insurance covers the costs of a data breach or cyberattack, including legal representation and crisis management. It helps tech companies recover quickly and notify affected clients.
If you’re in charge of sensitive data and provide cybersecurity services to clients, you should look into cyber liability insurance. This policy costs small tech companies about $145 per month.
Business data stored in a digital format online or on a hard drive are considered digital assets.
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.
Cyberextortion is an online crime in which hackers hold your business data hostage or disable your websites or computer systems until you pay a ransom.
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.