Cyber liability insurance covers your legal fees & more in the event of a data breach
Nearly every kind of business now stores sensitive customer data, such as their credit card numbers. This has left businesses extremely vulnerable to data breaches.
In the event that your data is breached, Cyber Liability Insurance covers your legal fees, settlements, and related legal expenses. It also helps cover the cost of providing your customers with credit monitoring services, and helps with the expenses of a new marketing campaign to renew confidence in your brand. Any company that hosts a website that interacts with the public at large is at risk of a breach, and therefore, could greatly benefit from having cyber liability insurance. This includes commercial businesses and website publishers. If you conduct even a portion of your business online, you should consider having a cyber liability insurance policy.
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