Risk & Business Magazine General Insurance Services Magazine | Page 6

CYBER LIABILITY INSURANCE
All You Need To Know About
Cyber Liability Insurance
C
yber liability insurance is
essential for any business
that stores information on
a network. And in today’s
digital age, that would
include practically all businesses, both
large and small. At one time, this type
of insurance policy was only used by
companies involved in the technology
industry, such as those that offered
network security. Today, cyber liability
insurance (CLI) policies can help a
much broader range of companies, from
online retail stores to large financial
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corporations and everything in between.
This type of insurance can help protect
businesses from security breaches
and keep their customers’ personal
information safe if there is ever a threat
to their network.
IMPORTANT FACTS ALL BUSINESS
OWNERS SHOULD KNOW ABOUT
CYBER LIABILITY INSURANCE
Cyber liability insurance is designed
for the modern digital age that we live
in. It can provide protection for the new
online risks that business owners face
each day. There are also some policies
that may help in risk areas outside of the
internet and networking, such as brand
reputation. Any company that deals with
sensitive client information and stores
these details on their hard drives should
consider taking out a good cyber liability
insurance policy.
CYBER LIABILITY INSURANCE IS FOR
BUSINESSES OF ANY SIZE
Cyber liability insurance can be just as
useful for that small business down the
street as it is for that large corporation