Cyber Liability Insurance

Tri-State Insurance Agency: Covering the Emerging Risk of Cyber Liability

Data breaches, network security, identify theft and other privacy issues make headline news every day. What’s more, these exposures are not exclusive to behemoth corporations or government agencies. Today, it’s rare to find a company without some level of cyber liability risk. The insurance industry has responded by addressing this emerging risk with various types of cyber liability insurance coverages. We at Tri-State Insurance Agency have also responded, partnering with various top insurers that provide the latest in protection for businesses just like yours.

Why do you need specific coverage?

If you store or transmit information on a computer system regarding employee personal data, banking or credit card numbers, or other personal demographics, your business is at risk. You could be hacked, or an employee could erroneously break security rules and millions of people could gain access to private files. It happens all the time, and the costs are significant.

Moreover, commercial general liability insurance doesn’t offer coverage for cyber liability claims. Incidents such as data breaches, virus transmissions or online privacy violations for which you are at fault could lead to costly lawsuits and payouts. Without cyber liability insurance, you could have to pay those expenses all on your own.

A cyber liability policy can be designed to cover legal defense costs, expenses related to notifying victims, costs of regulatory investigations or forensic reviews of the incident, and damages for losses your event causes to others. Some insurers also offer crisis management and response services.

We will help you assess your vulnerabilities and assist you with risk management strategies to stem losses. We’ll also show you how to maximize your protection at the best price.

Cyber attacks can happen to any type of business of any size. Be sure you’re protected.

Tri-State Insurance Agency provides a comprehensive business insurance portfolio for companies throughout Pennsylvania, northern New Jersey and New York. Give our professionals a call toll-free at 888.990.0526, email us or fill out and send the form on this page for a free consultation and quote.