When you are looking at your commercial insurance policy, one add-on or rider you may want to consider is cyber protection. In today’s world, cyber attacks are taking out businesses every single day in America. When a business is down for one minute, thousands of dollars could be lost.
At The Good Insurance Group LLC, we want Bloomsburg, PA business owners to know what is available to them when it comes to cyber protection. Your business needs it now more than ever.
Business Interruption Insurance
Business interruption insurance is precisely what it sounds like. In the event that your business is interrupted due to a cyber event, your cyber protection would cover the losses incurred during that interruption.
Many policies for cybersecurity insurance offer add-ons or riders for identity theft. This coverage will help pay for the costs that your business will incur in order to recover your business identity in any way.
That will include any identification you need replaced, credit cards, business accounts, or loans and contract information.
Cyber Events and Data Breaches
A cyber event is a malicious attack on a system or network that is intentional. This can include business interruption damages, but you may also experience a number of damages that include data breaches, lost customers, and impaired systems.
An important part of qualifying for a cybersecurity insurance policy is having safeguards in place. You won’t be able to show damages if an attack happens if you don’t have the systems in place to protect yourself. Your insurance company wants you to show you are responsible and taking measures to avoid a cyberattack in the first place.
Get those measures in place as you seek a cyber protection policy.
Get a Quote
At The Good Insurance Group LLC, we want Bloomsburg, PA business owners to be protected with cybersecurity protection. Call us today for a quote to review or update your existing commercial insurance policy.