When utilizing technology for business purposes, you face a growing cyber risk. Each year, technology continues to evolve, making cyber threats a much more complex and real issue for businesses such as yours. You see, small Texas businesses are at a similarly high risk for these cyber threats as larger nationwide companies. This is why obtaining cyber liability insurance is important.
Cyber liability insurance is a type of liability insurance designed to cover businesses that use private information. These policies typically cover liability losses that can result when a business—such as yours—partakes in selling online, collecting data or any other electronic activities, including accepting credit card payments. To protect your business, customers and employees’ personal information, cyber liability insurance is essential.
The Cyber Liability Insurance that’s Just Right for You
While general liability insurance protects many facets of your business, losses incurred because of the internet are simply not covered by a general liability policy. However, with cyber liability insurance, these risks can be covered. Our agents here at AIA Insurance will work with you to tailor a cyber liability insurance policy that is custom fit to your business. There are many options, including:
- Data breach/privacy crisis management coverage
- Multimedia/media liability coverage
- Third party damage coverage
- Extortion liability coverage
- Network security liability
So whether you face investigations, legal costs, defacement of a website or extortion threats, there are many ways to protect yourself with cyber liability insurance.
What Risks Are Covered with Cyber Liability Insurance?
Cyber liability insurance covers many computer/internet-related risks. For example, you can cover the data on laptops, desktops and mobile devices while also covering data stored in “the cloud.” As you know, you are responsible for the data you hold within the cloud, yet your cloud provider can always be at risk of breach and hacking. With a cyber liability insurance policy, you can be protected from a breach to your cloud provider. Most importantly, cyber liability protects your business from liability in the event of a data breach in which your customers’ personal information is stolen or exposed.
Who Is AIA Insurance?
AIA Insurance agency is made up of Texans who have a passion for supporting our neighbors. We have a long history of providing the best custom insurance packages available, and many of our clients have been with us for decades. To show our dedication to excellent service, we offer a free risk analysis for any local business. We invite you to contact us with any questions or concerns at (800) 666-9551. Feel free to contact us here as well.