Words every business owner dreads to hear: “You’ve been hacked.” Regardless of the industry you work in, no business owner wants to hear those words. Those words are equated with “lawsuits” and “monetary loss.” With the media being a constant reminder of all the various types of information that is hacked and leaked every day, many businesses—no matter the size—are at risk. Those of us in the insurance industry have come to think of a security breach, not to be a matter of IF but a matter of WHEN. In a world where a daily digital dogfight is not uncommon, let cyber liability be your combatant.
What is Cyber Liability Insurance?
Cyber Liability Insurance is a form of protection designed specifically to protect a business or an organization from unauthorized release of information in which the organization has a legal obligation to keep private, claims alleging personal injury and/or intellectual properties violation in a digital, online or social media environment, defense costs (State or Federal) proceedings that involve violations of privacy law; and the provision of expert resources and monetary reimbursement to the insured for the out-of-pocket expenses associated with the handling of the types of incidents listed above.
This type of coverage is only implied for incidents that involve “cyber” events such as electronic hacking or online activities, when in actuality, this product is about covering private data and communications in many different formats—paper, digital or otherwise.
AssureSouth has a cyber liability product through Risk Placement Services exclusively. AssureSouth has maintained a reputation of excelling in the areas of customer service. We want to show you why our approach will always be your advantage.
AssureSouth has performed risk insights and here are streamlined pathways that will combat your digital dogfight:
- Protecting Against Security Breaches
- Protecting Data from Cyber Attacks
- Data Security Through Employee Education
Sadly, because of the human element involved, whether it’s the growing threat posed by hackers or the potential for employee negligence, the risk of a breach or a data leak can never fully be eliminated. All cyber security risk management plans should include the implementation of a “cyber” insurance solution to help alleviate the risks.
Work With a Trusted Advisor
AssureSouth has spent the last 2 years researching the data privacy/security issue and developing an extensive knowledge base of cyber-security related best practices, risk-management standards and insurance solutions so that we can provide our client with the expert-level guidance needed to properly understand and manage this growing risk.
Why take on such an endeavor? Because we want to continue to be the best at providing you with the kind of security that can only come with the peace of mind you deserve.
Contact AssureSouth to learn about our Cyber Insurance Solutions and Risk-Management Resources TODAY!