• By Allan M Block Blogging Team
  • Posted September 30, 2015

Why Your Business Needs Cyber Security Insurance

Why Your Business Needs Cyber Security Insurance

Understanding the importance of cyber security insurance for today’s businesses.

You may think that only major corporations need cyber security insurance, but, quite frankly, you’d be wrong. Hackers are targeting businesses of all sizes, and small businesses with their limited comparatively security protocols are low-hanging fruit.

If your business does become the victim of a cyber breach, cyber security insurance can step in to protect it in the following ways.

  • Investigation Expenses: Do you know how to figure out who caused and the extent of a hack? Neither do we. That’s why you’ll have to hire a professional, but your cyber security insurance can fortunately cover this cost.
  • Legal Defense: After a breach, you could be sued by the parties whose information was compromised. Your coverage can help you cover legal fees and settlements.
  • Business Interruption: It’s no surprise that a data breach will throw a wrench in your operations. So you don’t have to worry about the money you lose as you recover from a hack, cyber liability insurance can cover the cost of your business delays while you get back to normal and recover lost data.

Clearly, cyber security insurance is crucial for businesses in Westchester County and the rest of New York. To get a policy tailored to your business’s specific exposures, contact Allan Block Insurance Agency in Tarrytown today.