Technology is growing by leaps and bounds and is a great benefit to people and businesses everywhere. Unfortunately, with the connectivity of technology there are also new and very real risks for businesses as well. Small businesses everywhere now face the threat of data breaches, hacking incidents, network failures and other cyber incidents. Each of these situations can potentially be disastrous for your business.
The reality of these types of threats requires businesses both small and large to defend their systems and organizations against different types of cyberattacks and data breaches. Despite your best efforts, if the unthinkable should happed and your business does have a cyberattack or data breach, cyber liability insurance can make sure your business is protected.
How do you know if your business needs this type of coverage? If your company processes sensitive information like names, addresses, Social Security numbers, medical records or credit card information then you need cyber insurance. Also, any third-party who handles your confidential data and information, such as an accountant or IT service, should have their own cyber insurance policy.
Koch Insurance are industry experts who can help you determine what kind of business insurance is best for you. When you are covered by the addition of cyber liability insurance, you can protect your business from claims and expenses resulting from data breaches and more. The professionals at Koch Insurance will consult with you about your business’s unique needs and help you choose the coverage that is right for you.