Computers are great, and chances are they play a fairly big role in helping you manage and run your business. While technology, in theory, makes life easier, it also opens up a bunch of new potential problems and threats. Data breaches and hacks can be catastrophic – we’ve all heard the horror stories. For businesses, a cyber attack can mean an interruption of business, lost revenue, and even litigation.
It’s not a pretty picture.
And while it’s tempting to believe that cybercriminals are only after big businesses that have huge profits, that’s not exactly reality. Cybercriminals are after small and medium businesses, too. That’s why it’s important to think about cyber liability insurance for your business. Cyber policies are tailored to your specific business, and they can protect you in a variety of ways. We’ll go over six ways that cyber insurance protects your business.