Does your business really need cyber insurance? The answer for most businesses is yes! This specific type of commercial insurance comes in handy in many different situations, and it’s a must for most of today’s companies. To learn more about cyber insurance, you can call us at Ingram Insurance in Cheraw, SC.
Data in the System
If you use a computer or computer system for your business, chances are that you save data on them. Your network will likely have the personal data of employees as well as some data about customers. It may have payment data, personal data, or both for customers or clients. When you have all of this data, it’s always possible for it to be stolen. Data breaches are increasingly common, and they are only growing in numbers. Many companies face financial devastation after a data breach. To keep that from happening, there’s cyber insurance.
Data Breach Liability
When a data breach occurs, a lot of data can get into the wrong hands. This can be used to steal credit card numbers that can be used or sold. There’s also an active market for other personal information like passwords. Once this happens, it can cost a lot for a company to take care of the problem. There may be a huge number of hours needed to stop the breach and/or recover stolen information. This may include monetary payments to those who had their data stolen. With cyber insurance, these issues can be covered by the policy.
Get Cyber Insurance in Cheraw!
Most companies today depend on their computer networks. When one is damaged, it can be incredibly costly to fix. To get cyber insurance, call Ingram Insurance in Cheraw, SC.
