Have you ever had your email or profile account hacked? It can be a scary experience. When you are in charge of private information for a lot of people, having all of that information hacked from your server can be devastating for your reputation and finances. For this reason, cyber liability is really a necessity for many professional organizations.
If You Store Information, You Need It
When you provide a service to a client that houses their personal information—such as phone numbers, addresses, financial information, and credit card numbers—you are under an obligation to keep that information safe. Should something unfortunate happen and that information fell into the wrong hands, you could be responsible for how your clients are affected by that security breach. It takes money just to find out how a cyber breach happens, in addition to any penalties you may face for putting people’s information at risk. Even if you have done everything within your organization’s power to prevent the breach, it will still be costly. Therefore, if you have personal client information on your servers, you need coverage in case of a breach.
Cyber breaches can happen at any time. Is your organization prepared to handle such a disaster? If not, you need to find cyber liability coverage today. If you have any of your clients’ or customers’ information stored on a server, get cyber coverage right away.