If you’re like many businesses, your company probably uses computers to send, receive, or store electronic data. This type of data might include sales projections, tax records, payroll data and other information owned by your business. If the data is lost, stolen or damaged due to a security breach, it could be very expensive to replace or restore.
Cyber Liability Insurance can protect your business from this type of overwhelming expense. This type of insurance can compensate your business for the loss or damage to electronic data. Cyber Liability Insurance can cover the cost to replace or restore electronic data or programs damaged, destroyed or stolen in a data breach caused by a hacker attack, virus or other threat. This includes data that belongs to your firm or someone elses. Policies can also cover the cost of hiring experts or consultants to help preserve or reconstruct data.
When your business is covered by the addition of Cyber Liability Insurance, you can protect your business from claims and expenses resulting from data breaches. The professionals at Koch Insurance will consult with you about your business’s unique needs, answer questions and help create the right insurance policy for you and your company. It’s important to consider all the ”what ifs” when choosing a comprehensive insurance plan and the experts at Koch can guide you in the right direction.
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