☰ ˟
Appointments Call Us
Logo
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Location
      • This Month's Tip
      • Community Involvement
    • BlogImage of right arrow
      • Do I really need Personal Umbrella Policy?
    • Get A Quote
    • Our Providers
    • Our Partners
    • Contact UsImage of right arrow
      • Inspro Professionals of NC INC
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal InsuranceImage of right arrow
      • Personal Umbrella Insurance
    • Farm InsuranceImage of right arrow
      • Farm Owners Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Individual & Family Health Insurance
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Long-Term Care Insurance
      • Temporary Health Insurance
      • Supplemental Insurance
      • Disability Insurance
      • Child Health Insurance
      • Travel Health Insurance
      • HSAs
      • Medicare
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Financial ServicesImage of right arrow
      • 401K
      • Pension Plans
      • Profit Sharing Plans
      • Traditional & Roth IRAs
    • Special Event Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Construction Insurance
      • Consulting Firm Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Orthotics & Prosthetics Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Retail Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
      • Restaurant, Bar, & Tavern Insurance
      • Condominium
      • Apartment Owners Insurance
    • Coverage for Your BusinessImage of right arrow
      • Cyber Liability Insurance
      • Loss Control Services
      • Marine Insurance
      • Employee Practices Liability Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Inland Marine Insurance
      • Professional Liability
      • Workers Compensation
      • Bonds
      • Fidelity Bonds
      • Surety Bonds
    • Coverage for Your EmployeesImage of right arrow
      • Small Business Retirement Plans
      • Employer-Sponsored Retirement
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
  • Get A Quote
    • Auto Insurance Quote
    • Business & CommercialImage of right arrow
      • Business Owners (BOP) Quote Form
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Workers Compensation Quote
    • Group Benefits Insurance Quote
    • Health Insurance Quote
    • Homeowners Insurance Quote
    • Life Insurance Quote
    • Motorcycle Insurance Quote
    • Recreational Vehicle Insurance Quote
    • Watercraft Insurance Quote
  • Resources
    • Refer a friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About
    • Our Location
    • Employee Directory
    • Testimonials
    • Privacy Policy
  • Contact
Get A Quote Auto
Get A Quote Homeowners
Get A Quote Business
Get A Quote Life & Health
Get A Quote Group Benefits
Get A Quote Recreational
Home > Blog > How to Determine If You Need Data Breach Insurance
TUESDAY, OCTOBER 17, 2023

How to Determine If You Need Data Breach Insurance

There are many instances of data breaches in the news. Cyberattacks can happen on a regular basis. The ramifications often include companies spending huge sums to protect customers, employees, and their image. 

NetDiligence estimates the average data breach claim is just under $700,000. Can your business afford to lose $700,000 just to get back to where it was before the data breach? Very few companies can, which is why you need data breach insurance. 

Who Needs Data Breach Insurance? 

Data breach business insurance helps people protect their businesses from cyberattacks. Although the insurance can’t stop an attack, it helps business owners recover financially.  a person on a computer

Businesses that store sensitive information on their servers should buy data breach insurance. Servers carry private information about customers, employees and finances. 

Also, you need data breach insurance if you contract with an organization and have access to their servers. Hackers attempt to gain access to information by any means necessary. They can leverage a contractor’s laptop, smartphone, or tablet to gain access to servers. 

What’s Covered Under Data Breach Insurance? 

Data breach insurance is a comprehensive insurance policy. Beyond helping you get back on your feet, data insurance can help you cover the cost of the following: 

 

  • Customer notification
  • Attorney’s fees
  • Crisis management
  • Judgements
  • Security experts

 
When you buy data breach insurance, you have strong assets to protect your business. 

Not Having Data Breach Insurance Could Be Business Malfeasance 

You have a duty to your stakeholders. Everyone wants to see your business grow and succeed. Unfortunately, one cyberattack can leave businesses sidelined.  

With the threat of cyberattacks ever-present, choosing not to purchase data breach liability insurance could be a form of business malfeasance in the eyes of your stakeholders. 

We help businesses identify how much insurance they need and what to do in case they need to file a claim. Give us a call today at (800) 220-5582 to get more information about the cyber insurance policies we offer. 
Posted 10:21 AM

Tags: cyber, liability, insurance, commercial, coverage
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2024
  • 2023
  • 2022
  • 2021

  • insurance(17)
  • coverage(17)
  • commercial(7)
  • policy(6)
  • liability(3)
  • general(2)
  • homeowners(2)
  • vehicle(2)
  • recreational(2)
  • premiums(2)
  • business(2)
  • umbrella(2)
  • employee(2)
  • rv(2)
  • business interruption insurance(2)
  • auto(2)
  • special(1)
  • life(1)
  • accident(1)
  • belongings(1)
  • filing a claim(1)
  • storm(1)
  • vehicles(1)
  • whole(1)
  • bop insurance(1)
  • vision(1)
  • terms(1)
  • property(1)
  • safe during holiday(1)
  • event(1)
  • damage(1)
  • events(1)
  • motorcycle(1)
  • home insurance(1)
  • personal umbrella policy(1)
  • weddings(1)
  • back to school(1)
  • cyber(1)
  • healthcare(1)
  • car(1)
  • rates(1)
  • requirements(1)
  • benefits(1)
  • auto insurance(1)
  • workers(1)
  • retirement(1)
  • flood(1)
  • costs(1)
  • motorcycle after dark(1)
  • homeowners insurance(1)

View Mobile Version
Insure Your Needs
Resources
Products
About Us
Our Carriers
Blog
Contact Us
Contact Us
919 Kildare Farm Rd (Second Floor)
Cary, NC 27511

P: 919-467-5555

Licensed In NC, SC, VA, TN, GN, FL, & NJ

© Copyright. All rights reserved. Powered by Insurance Website Builder.