If your company has a website, it’s at risk of being the victim of a cyber-attack. These types of assaults are becoming more common with every passing day, and smart companies regularly review their vulnerability to such attacks. Knowing your business’ cyber risk is a great first step, but that won’t protect your company from the legal liability you face after the attack has happened. Too many companies find out too late that they lacked the proper coverage to fend off the lawsuits resulting from cyber-attacks. Give your business the protection it needs by reviewing your insurance policies today.
The damage from a cyber-attack can be far-reaching and long-lasting, but with the right insurance package, your company can weather the storm. While every company is different, the fall-out from a cyber-attack is similar across industries. Some of the most common expenses facing your company after a cyber-assault include the cost of monitoring your customer’s credit, expenses from the interruption of your business and the cost of notifying your employees and customers about the attack.
Without insurance protection, your company would have to pay these costs out-of-pocket. Guard your business against these costs and any potential legal actions resulting from the cyber-attack by making sure you have the right cyber risk insurance in place today.