The Value of Cyber Insurance

cyber insurance photo

The Value of Cyber Insurance

In 2013, Target was involved in a large data breach involving a third-party vendor. While Cyber Liability Insurance has been around for quite some time, this incident brought it to the spotlight – showing businesses large and small that data protection is crucial. So, make sure you’re covered.

Cyber Liability Insurance coverages can Include:

  • Data Breach/Privacy Crisis Management
  • Multimedia/Media Liability
  • Extortion Liability
  • Network Security Liability

Calculating your Coverage:

Coverage for cyber insurance can be determined by the risk an organization faces, in regards to the potential for loss of both data and revenue. Therefore, conduct calculations as a collaborative assessment between the organization and the insurer. Weak calculations result in coverage that falls short – so meet with an expert and take your time.

For Questions regarding your Cyber Liability Insurance policy, contact SourceOne Insurance today. 

For coverage, SourceOne Insurance is the go-to for all of your insurance needs. Find SourceOne, located in Fort Wayne, Indiana. Then, call Andrew Morrison at (260) 436-3544, ext. 12.

Contributing Source: Computer Weekly