We, at PJO Insurance Brokerage, feel it is in your company’s best interest to take a good, hard look at your business, your data and how valuable it is, and what the costs would be if something went wrong. If you believe absorbing these kinds of losses could wipe out your company, you’re a good candidate for cyber liability insurance. If your company possesses what we refer to as valuable data, especially if it is associated with regulated personal, financial, or medical information about clients or consumers, you may be wise to consider adding “privacy” coverage for the potentially onerous costs of a data breach. If you feel your company would struggle to survive an extended website or computer-network shutdown, you may want to look at network-security coverage. Another area that you may want to consider, especially if your company hosts any online discussions and risks libel or false claim accusations is media coverage. As you can see, with the changes that happen in the tech world and how fast they happen, having a cyber liability policy may be necessary coverage for your company.
We, here at PJO Insurance, would welcome the opportunity to discuss this type of coverage with you for your business.