Data Breach Insurance Coverage For Small Businesses
Why Is Data Breach Insurance Coverage For Small Businesses Important?
Data breach insurance coverage for small businesses is a hot topic as cyber security and data protection is a growing area of concern for businesses of all sizes. Despite this growing concern most SME’s don’t buy data breach insurance. This means many small businesses and are significantly at risk from internal data breaches caused deliberately or inadvertently by staff consultants and/or contractors, to computer systems frozen by ransom-demanding hackers, your businesses operations can be critically compromised.
Although data breach insurance coverage for small businesses can’t prevent a data breach from happening data breach insurance coverage for small businesses can play an important role in funding the response/actions/activities in the hours and days that follow a breach which in some cases can make or break a business.
What Does Data Breach Insurance Coverage For Small Businesses Cover?
Data breach insurance coverage for small businesses can help with a number of things from meeting regulatory requirements and covering fees, to notifying your client base, managing business interruption, and restoring lost data. Most data breach insurance products cover some or all of the following data breach related expenses:
- Crisis management
- Third party public relations support
- Notifying clients they’ve been impacted
- Credit monitoring for affected clients
- Forensic investigation costs
- Legal support
For more information on data breach insurance coverage for small businesses, an insurance quote or for more information on any commercial insurance products contact ALIGNED Insurance Today!
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