8 Small Business Cyber Liability Insurance Coverage
Cyber liability insurance covers a business’s expenses related to data breaches and other cyber events. It also protects a company from lawsuits filed after a cyber attack occurs.
All sizes of businesses are vulnerable to cyberattacks. Hackers can steal confidential information or disrupt operations and drain financial accounts.
Purchasing cyber liability insurance is an important step for any business. However, it is important to make sure that a policy will provide value to the business. This includes evaluating the annualized loss expectancy (ALE) of the cyber insurance policy.