Which is also known as cybersecurity insurance, is designed to cover losses caused by liability and property damage arising from the electronic sharing or transfer of data.
As more and more businesses are being targeted online by hackers and identity thieves, this kind of insurance is getting more and more important.
What dangers does it guard against? 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.
How to Choose the Right Business Insurance Plan It’s important to choose the right business insurance because you don’t want to overpay for coverage or leave some aspects of your business unprotected.
You can get a better understanding of your needs by asking the right questions.
Answering the following questions is crucial:
