The world of business is ever-changing and dealing with increased threats of hacking and data breaches. Ensure your business is properly covered with NOW Insurance Cyber Security plans. Get an online quote NOW. Simple. Fast. Affordable.
Get StartedThe business world is constantly implementing the newest, most cutting edge technologies to stay competitive. Unfortunately, as those advancements are introduced to your company, you also increase the risk of a potential data breach or other cyber crimes. Cyber Security insurance protects you and your company should your digital security be compromised and sensitive customer information is exposed. If you store sensitive personal information digitally, a Cyber Security policy provides you with an extra layer of security.
In addition to legal fees and expenses associated with pursuing any litigation as a result of cybercrimes or incidences, Cyber Security insurance will help cover a number of other costs to help you aid your customers throughout such an experience. Some of the most common claims covered under a Cyber Security insurance policy include:
Informing any affected customers about a breach can be costly.
If enough information was compromised and there was identity theft, you may be liable for the expense.
Working to recover any compromised data may increase your business expenses temporarily.
If the breach resulted in any damage to a computer or software system, the costs to repair can be claimed.
We live in a litigious society, insurance allows you to practice your profession with peace of mind.
At NOW Insurance agency, we have developed a quick and easy-to-use service that simplifies the application process in order to provide you with a quote in real-time! By working with you directly, we are able to customize your insurance coverage to your exact needs and allow you to select the amount of coverage you require.
With over 20 years of experience providing insurance coverage to small businesses and professionals, NOW is backed by one of the largest and oldest insurance companies in the world, Lloyd’s of London. This relationship allows us to provide a wide range of insurance products at some of the best prices in the industry and you are covered by a carrier (Lloyd’s) with hundreds of billions of dollars in assets.
Learn MoreRestoring Public Confidence
Having the correct cyber insurance coverage in place is critical to continuing business operations and restoring public confidence in your organization when an incident occurs. With the right insurance policy, you will have the support you need in order to respond quickly and help protect those individuals affected by a breach. Though it is often not required by state law, offering affected customers free credit monitoring can be considered a covered expense under your Cyber Security insurance policy and goes a long way in repairing your client relationships.
No Other Insurance Coverage
Despite what many believe, the scenarios and costs most often covered by a Cyber Security insurance policy are usually not considered as covered claims under any other insurance policy, including General Liability. A cyber policy will ensure that you are able to receive the assistance you need when you need it without any undue surprises. This coverage will help mitigate the risk of civil litigation and other penalties when a data loss or theft occurs.
The cost of a Cyber Liability policy can vary widely depending on how big your organization is, what level of coverage you choose and how much cyber risk your business faces.
In most states, it is legally required to notify your customers of any data breach which may have exposed their private, sensitive, personally identifiable information. This process can be very expensive, but with an appropriate policy in place, those costs and more will be covered so you can focus on restoring your relationships with your customers.
