Did you know that 43% of data breaches involve Small Businesses?
Generally, your commercial general liability policy will not cover a data breach. And, as data breaches have increased, so has their cost of businesses.
Imagine if a client’s personal or financial information is stolen from your network – you may be responsible! Consider the cost of losing all the credit card numbers in your business’s database, not to mention the cost to your business’s reputation.
At Carolina Industrial, we offer cyber liability insurance packages that include coverages like:
The disclosure of private information
Notifications & Crisis Management
Legal & Forensic Coverages for Investigations
Prior Acts Coverage (up to 3 years)
Transmission of a computer virus
Credit Monitoring Services
Computer and funds-transfer fraud
Extra Expense Coverage — Add Business Interruption insurance, in the case of Hardware Damage.
Cyber liability insurance is coverage you want to have before a data breach occurs. Your local, independent insurance agent can work with you to design a plan that fits your business’s needs and potential risks.