Home | Careers | Blog | Member Area
Cart

Blog

posted on October 25, 2017
cyber-liability-insurance.jpg

Cyber Liability insurance helps businesses survive data breaches and cyber attacks by paying for recovery expenses. ... It can often pay for customer notification, credit monitoring, legal fees, and fines after a business experiences a breach. Without Cyber Liability Insurance coverage, these costs can be overwhelming.

Cyber and privacy policies cover a business' liability for a data breach in which the company's customers' personal information, such as Social Security or credit card numbers, are exposed or stolen by a hacker gaining access to the firm's electronic network.

Companies must integrate cyber risk management into day-to-day operations. Companies must also be prepared to respond to the inevitable cyber incident, restore normal operations and ensure that company assets and the company's reputation are protected.

Companies should consult their IT specialist to create secure networks and speak with their insurance broker to obtain coverage that fits their needs.

new comment comment
Disclaimer - IBANS corporate and associate members are welcome to utilize the Association’s blogs on their websites as long as a link or credit is provided to the Insurance Brokers Association of Nova Scotia.
view archives archives
RSS rss
Click to view Sponsors

Platinum Sponsor

Economical

Premiere Sponsors

Aviva Intact RSA

Presenting Sponsors

Pembridge Insurancewynward_insurance.jpg