Cyber liability insurance
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.
Detecting a data breach is key to mitigating damage and preventing future breaches and cyberattacks.
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.
Data breaches that expose sensitive digital assets can cause expensive lawsuits. Learn the difference between first-party and third-party cyber liability insurance and how these policies can help your business handle cybercrime.
Companies are required to notify affected customers after a data breach. Here are a few tips for complying with state laws and avoiding potentially bankrupting expenses.
Data breach insurance can refer to several policies that protect a company from financial losses as a result of a data breach. These policies include cyber liability insurance and technology errors and omissions insurance (tech E&O).
After a data breach or cyberattack, cyber liability insurance compensates your small business for any costs related to the incident, including lawsuits filed by your clients. Find answers to common questions about this policy.
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.
