Computer Security Business Insurance
Cyber security is important for pretty much any/every organization. Good cyber security practices ensure confidential company information and databases are resistant to data breaches, hackers, malware, and other cyber attacks.
As a cyber security professional, business insurance can help you prevent financial losses from third-party claims and lawsuits. Otherwise, it could be very costly for you to recover the damages to your business and that your clients may bring against you and/or your organization.
With computer security business insurance from ALIGNED, you can choose from various insurance policies, coverages and limits. Our insurance specialists work closely with you to create a customized and suitable package that matches your coverage needs, preferences and budget.
Why is computer security business insurance important?
Computer security is an important part of a successful organization. It ensures confidential data, files and systems remain secure to prevent unauthorized users from accessing company and client information. Also, if there are damages to your equipment and databases, it could cause costly financial losses. Some risks that cyber security professionals could face include:
- A hacker accesses sensitive client information.
- Your equipment is damaged, and you have to pay for repairs or replacements.
- A client sues for errors that you made.
- You accidentally damage your client’s property.
With comprehensive computer security business insurance from ALIGNED, your computer security business is protected against financial loss arising from these and other similar risks.
What does computer security business insurance typically include?
Commercial General Liability Insurance – also called CGL insurance, commercial general liability insurance provides coverage for injuries, bodily harm, and property damages occurring to a third party during your business operations or while they are on your premises. CGL insurance also typically includes product liability coverage for installed hardware etc.
Commercial Property Insurance – your business relies on commercial office space, buildings, servers, switches, and equipment to operate successfully. It’s important to ensure your assets are protected in the event of a fire, vandalism, flood, or other natural accident beyond your control.
Commercial Auto Insurance – protects your business against accidents and collisions that involve any of your company’s vehicles. It covers medical bills for those injured, legal defence fees, settlement awards, judgements against the company and/or repairs to company vehicles.
Professional liability insurance – if you misunderstand the client’s instructions or make mistakes that result in cyber security vulnerabilities, client downtime outside of contractual commitments etc. clients can be unsatisfied with your service or even suffer financial loss. Having enough professional liability insurance can protect you against claims of error, negligence, omissions, or other failures to deliver promised services and/or quality advice , recommendations etc.
Cyber liability insurance – protects your business against data breaches and data recovery from cyber attacks that your company experiences. It also typically protects your business against cyber security lawsuits from clients for loss of their data on your system.