Is designed to cover losses resulting from the electronic sharing or transfer of data in terms of both liability and property damage.
As more businesses are being targeted online by hackers and identity thieves, this kind of insurance is becoming increasingly important.
What kinds of risks does it cover? If any of your company’s digital or electronic data is hacked or stolen, cybersecurity insurance can help.
What costs is covered by it?
This kind of policy can cover the cost of upgrading or restoring cybersecurity systems as well as liability protection from lawsuits.
What dangers does it guard against? You can avoid losing money if property damage causes your business to slow down or stop.
This is covered by business income insurance.
What costs is covered by it? This kind of arrangement assists with supplanting lost pay from activities.
