Cyber Coverage is one of the newest coverages in today's commercial insurance marketplace. There are many variations of the coverage, from a simple "add-on" endorsement on your general liability policy to a full-fledged Cyber Liability policy. It is critical to understand your business's exposure and the different coverages available.
Basic coverages could include payment for your incurred damages and third party coverage for damages your business causes to the general public or another business. Optional coverages can include your loss of income, civil penalties and fines due to regulatory actions as well as the cost to restore a network after a breach.
Talk to your Bilz Associate about purchasing a cyber liability policy. In this current insurance environment when premiums remain flat, you may be surprised at the affordability of this valuable coverage.