Accountant Cyber Liability Insurance
What Is Cyber Liability Insurance?
Cyber liability insurance primarily responds to claims involving network security or data privacy arising from the disclosure of non-public corporate or personal information. That information is classified as personally-identifiable information (PII) or protected health information (PHI). Though it is becoming increasingly common for electronic devices to be involved, it is not required, making a briefcase with paper records left in a cab included in the coverage.
What Does Cyber Liability Insurance Cover?
If any of those risks happen to your business, you may lose income, be responsible for the high costs of damages or could even be sued. Cyber liability insurance can protect you from those risks and let you get back to doing business sooner. It protects your business from claims arising from:
- Business interruption
- Network security
- Internet Liability
- Web Content Liability
- Electronic Communications
- Intangible assets
If your company or business is open to cyber liability risks, consider purchasing an additional cyber liability policy. Traditional insurance products such as general liability insurance do not provide coverage against the risks associated with a cyber-attack.
How Does Cyber Liability Insurance Help After A Data Breach?
A dedicated team of claim attorneys with the expertise to ensure superior overall customer experience will work with you and your firm to understand the urgency, nuances, and customer concerns after a data breach has occurred. They will work closely with you to connect you to vendors who are best suited to address your particular circumstances. Working closely with your professional liability claims team, they will ensure a seamless claims process as well as an overall consistency with customer service. Some common steps you and your firm may experience are:
- Breach coach consultation
- Forensic analysis
- Follow-up breach coach consultation
- Customer notification design and mailing
- Call center operators
- Credit/fraud monitoring
- Public relations
If the above aren’t included in your current insurance, call us today at 800-686-8080 for help ensuring your business will survive a cyberattack swiftly and with your reputation intact.