What business doesn’t worry about cyber threats? According to international research, the main concern among businessmen world-over is the risk of cyber hacking and data breaches.
Cyber Liability insurance is currently the fastest shifting liability field in the industry – with commercial and personal lines insurance underwriters limiting coverage in regard to online activity. This has resulted in individualized insurance forms and endorsements that protect risk exposure like:
- Infringement of copyright
- Invasion of privacy
- Theft of important 3rd-party information from a business computer system
- Business interruption as a result of malicious malware
- Other related matters
First-party coverage for computer system damage due to hacking and various viruses may also be available for concerned businesses.
Cyber Insurance in NJ, NY, PA and Nationwide
At a hefty annual price tag of millions of dollars, cyber-attacks and data breaches have become things that no business can afford. Acquiring tailored insurance is one of the most valued venues of protection. Speak to a qualified independent insurance agent to find out what coverage best suits your commercial needs.
PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, ASI, ASSURANT, CHUBB, FOREMOST, Liberty Mutual, MetLife, Plymouth Rock, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. With thousands of satisfied customers, we benefit policyholders by reviewing current coverage, as well as by shopping our wide network to locate customized policies at competitively lowest quotes.
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Summary: Cyber threats are a reality that no business can afford to ignore. PRIME spotlights related insurance here.