It’s a bold new digital world, and Oegema Nicholson has you covered with Cyber Security Insurance coverage. This term can represent a wide variety of coverage types, but all of them serve to keep you protected against liability relating to online data and network security.
Take a look below at a few examples of the types of coverage that cyber liability insurance can be included as an attachment to our professional liability policies. Cyber security is a growing problem, and this policy helps alleviate the risk associated with your digital data.
Data Breach/Privacy Crisis Management Coverage:
In this day and age, so many businesses are storing significant amounts of their customers’ and clients’ data on their internal systems. Unfortunately, that makes them a natural target for hackers looking to breach that data to gain access to people’s personal information. No business that keeps information on file is exempt from the threat.
If this happens, the cost to the impacted business can be very high – those can include everything related to the fallout of a breach, including an investigation, notifying your customers of the breach, legal costs, potential regulatory fines, the potential loss of your customers’ trust, and more.
Cyber Liability Coverage is the best way to reduce the risks and ultimate costs associated with a breach of your company’s data systems by ensuring that you are protected by insurance.
Network Security Insurance describes a broad range of coverage that can relate to several different types of incidents. These can include costs or losses associated with unauthorized access to your network, viruses, unauthorized transactions and Denial of Service (D.O.S. attacks).
Stay protected in the age of information technology with coverage from Oegema Nicholson. Give us a call to discuss coverage types, and allow us to craft a policy that ensures that your organization isn’t left scrambling in the event of a network security issue or a data breach.