When a data breach occurs, quick action is important to help restore the public’s confidence if you are a business victimized by a cyber attack. Cyber liability insurance and data breach insurance helps cover costs like notification, identity protection solutions, public relations, legal, liability and more depending on the coverage you choose.
To mitigate the risk of civil litigation and other penalties when a data loss or theft occurs, a cyber liability or data breach insurance policy from The Hartford can provide access to professional assistance to help businesses comply with applicable laws and regulations.
Carriers, such as The Hartford offer 24/7 access to a data breach preparedness website for easy-to-understand prevention and response guidelines that outline the steps businesses can take to help prevent a cyber event.
Most business owners understand that the personally identifiable customer information they have on their computers is a target for hackers and that their online presence leaves them open to liability claims. However, far fewer take adequate measures to protect their business. Here are some example scenarios where a business could benefit from cyber liability or data breach insurance:
In the event of a data breach, a business must respond quickly to help protect impacted individuals and the business’s reputation. Our coverage can help with response-related expenses including, costs to notify impacted individuals and good faith advertising. And in most states, coverage is available to help cover legal defense and liability expenses if your business is sued because of a breach.
July 17, 2017
by John Connor