Data breach and other cyber losses are reported in the news every day. Standard commercial general liability policies do not include coverage for these types of losses. For many businesses that experience a breach, locating the necessary professionals to assist with the required credit monitoring, reputation repair, and network security restoration can be overwhelming.
A breach can result from a simple mistake. An employee might misplace a laptop, Blackberry or computer tapes or just leave these in an unlocked car. The more people from whom your company collects Personally Identifiable Information (PII) including employees, the broader the exposure is and the more you need insurance protection. If your organization collects any Personal Health Information (PHI), the responsibilities for the protection of that data are specified by HIPAA.
There are many different types of cyber liability policies and your WSC Insurance agent can help you assess your risk and the appropriate product for you.
Data breach insurance quotes for are also available through our partners at BIZLock Insurance Services, administered by the AIG Cyber Insurance Program.