As hackers and thieves grow more and more sophisticated, data breaches represent a significant threat that your business simply cannot afford to ignore. Whether your business is fully online or just uses an internet connection to process payments in brick-and-mortar stores, you need to protect your business and customers from the possibility of a breach. Failing to do so could expose sensitive company information, customer financial details, and more. Identity theft is a serious problem in the modern age, and it is up to your business to do as much as possible to prevent it from happening to your clients.
How Cyber Liability Insurance Works
Even with robust cybersecurity measures in place, it is still possible for hackers to find a way into your systems. While you hope that this never happens to your business, you need to be prepared for the possibility. If a hacker does access sensitive data, your cyber liability policy can go toward covering any lawsuits that might arise in the aftermath.
Choosing Your Coverage Level
The amount of cyber liability insurance your company needs will depend primarily on the extent to which it operates online. As you might expect, a cutting-edge tech company offering primarily online services will require significantly more coverage than a single, small retail outlet with no web presence. Your insurance agent will work with you to determine an appropriate level of coverage to meet your company's needs and budget.
Trust Onstad's Insurance Agency to Handle Your Cyber Liability Insurance Needs
Onstad's Insurance Agency is an independent insurance agency, meaning that our agents do not represent any individual insurance companies. Instead, our company partners with several local and national insurance providers to bring our clients a diverse selection of offerings. When you work with just one insurer, you'll have to accept a policy that fits within the company's offerings, even if it isn't necessarily the best fit for your organization.
On the other hand, with an independent agent, you'll have access to policies from many different insurers, making it easier to find exactly the coverage you need at a price that works for your business. We welcome you to get in touch with us at any time to learn more about how our process works. We'll be happy to answer all of your questions about cyber liability insurance or any of the other policy types we offer. Call today at 925-866-1444 to get started.