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    0 Replies Latest reply on Jun 6, 2017 8:26 AM by moderator_mel

    Cybersecurity Insurance Coverage

    moderator_mel Tracker

      Since GL insurance usually does not cover legal fees or losses related to data breaches, small businesses can purchase insurance policies tailored specifically to their needs. It is recommended that a company purchase first and third-party policies. First party coverage includes generalized costs pertaining to the breach. If you need legal representation, help with customer notification or if you must hold a press conference, first party insurance will provide coverage. Third party coverage offers protection if your business should ever be compromised so that a customer actively seeks litigation against you. There is a vast variety of cybersecurity policies. Check agencies to make sure they are reputable and well-funded. Find an agent that understands your needs and can accommodate all your concerns. Would you consider obtaining Cybersecurity coverage to protect your important and private information? ~Moderator Mel