Cyber Liability insurance covers property loss and liability related to electronic activities of your business. The most common areas of protection are financial information, selling items online, and data breaches with personal information.
Should a hacker steal information from your customers, including social security numbers, credit card numbers, and contact information, the expenses related to the breach can be covered, including the cost of notification, credit monitoring, defense expenses related to claims by state regulators, fines and penalties, and loss as the result of identity theft.
On top of those direct expenses, cyber liability insurance can cover liability relating to your website and online presence and property exposures related to data loss, business interruption, electronic fraud, funds transfer, and cyber extortion.
Contact an Athens Insurance agency today to see how your business can benefit from cyber liability insurance.