Eight Reasons Why You Need Cyber-Liability Insurance Coverage

by R&I Consultants

Cyber-liability insurance coverageIf you own a business and have commercial insurance in Atlanta, you will also need cyber-liability insurance coverage. Long gone are the days that only IT businesses purchase this coverage. Nowadays, in the ever-changing environment of technology, all kinds of businesses are utilizing social media, websites and software technology to store customer information.

Think about it. Your company’s most valuable assets involve some form of network and data connection or storage: customer lists, books, records, receipts, tax documents, intellectual property and trade secrets. Additionally, most conversations now occur via email on a network.

This means that you too need protection from liability and expenses arising from the theft or loss of data, as well as liability and expenses arising from a breach of data security or privacy.

Cyber-liability insurance coverage does just that. It covers liability that arises out of unauthorized use of, or unauthorized access to, electronic data or software within your network or business. Cyber-liability policies also provide coverage for liability claims for:

•    spreading a virus
•    spreading a malicious code
•    computer theft
•    extortion
•    unintentional act
•    mistakes
•    errors
•    omissions made by your employees while performing their jobs

Those are just eight reasons, among many more, why you need cyber-liability insurance. If you are ready to join tons of businesses that already have it, contact Risk & Insurance Consultants today. Just call 404-459-5975.

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Your exceptional service has allowed us to meet, if not exceed, our customers’ needs and expectations. We have truly found a partner in R&IC. Sherri Holcombe, Risk Administrator, GTO 2000