Cyber Liability Insurance
Cyber Liability Insurance Quote Forms
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Cyber Liability Insurance Information
Cybercriminals target businesses of all sizes. Unfortunately, it only takes one misclick or error of judgment to become the victim of a cyberattack. If this happens, the right cyber liability insurance policy can help your business pay for both direct and indirect costs. Contact Huffman Insurance Agencies to get a customized cyber insurance quote.
What Is Cyber Liability Insurance?
Your customers’ data or financial information could be exposed if your business falls prey to a cyberattack. The harm a cyberattack can have on your customers leaves you liable. You could be legally obligated to pay for damages or face liability lawsuits that your general liability insurance policy typically won’t cover—cyber liability insurance is specifically designed to cover business liability stemming from cyberattacks.
Who Needs Cyber Liability Insurance?
Any business can be targeted by cybercriminals, regardless of size or sector. For this reason, nearly every business could benefit from cyber liability insurance. However, certain businesses may experience heightened risk. You may have a particular need for cyber liability insurance if you store customer data or business information online. Contact Huffman Insurance Agencies to learn if your business could benefit from cyber liability insurance.
What Does Cyber Liability Insurance Cover?
Cyber attacks can have serious financial ramifications for your business. These costs may be direct (e.g., extortion payments) or indirect (e.g., reputational damage and lost customers). Cyber liability insurance may help pay for the following expenses:
Consumer credit and fraud monitoring services
Repairing or replacing compromised equipment or data
Business interruption expenses (e.g., lost income or hiring additional staff)
Incident investigation costs
Legal costs (e.g., judgments and settlements)
As technology becomes increasingly advanced, so do cyber threats. Get the coverage you need to protect your business assets. Contact Huffman Insurance Agencies in Virginia today.