Cyber Liability Insurance

Organizations, both large and small, need to be proactive in order to protect against growing cyber threats. Resources like our Cyber Risk Exposure Scorecard and Cyber Security Planning Guide ensure that, regardless of how you conduct your business, you are doing the due diligence necessary to prepare for your organization’s unique cyber exposures.

Properly training your employees is one of the easiest ways to prevent a cyber breach from affecting your business. However, because cyber security is a complex topic, thoroughly training all of your employees is not always easy. Simplify the process by using our comprehensive employee training materials.

Data Breach Coverage. In the event of a breach, organizations are required by law to notify affected parties. This can add to overall data breach costs, particularly as they relate to security fixes, identity theft protection for those impacted by the breach and protection from possible legal action. Cyber Liability policies include coverage for those exposures, thus safeguarding your data from cyber criminals.

Business Interruption Loss Reimbursement. A cyber attack can lead to an IT failure that disrupts business operations, costing your organization both time and money. Cyber liability policies may cover your loss of income during these interruptions. What’s more increased costs to your business operations in the aftermath of a cyber attack may also be covered.

Cyber Extortion Defense. Ransomware and similar malicious software are designed to steal and withhold key data from organizations until a steep fee is paid. As these types of attacks increase in frequency and severity, its critical that organizations seek cyber liability insurance which can help recoup loses related to cyber extortion.

One of our offerings at Viti Companies is a free review of your Cyber Liability policy. Contact us today to ensure you have the appropriate coverage’s.