One of the most important ways to protect your small business is with liability insurance, but what about Cyber Liability Coverage? Getting cyber liability coverage is now a must, because a data breach can happen any time and affect any kind of business. A data breach is a sudden event wherein personally identifiable information is compromised. Hackers, a faulty transaction, malfunctioning technology, or even just simple human error can be the culprit.
The effects of data breaches on your small business could be devastating. Not only will you be responsible for credit monitoring for anyone affected, but you’ll also have to investigate and look into how the data breach occurred and outline steps to avoid another occurrence. This can be costly and time-consuming.
Did you know that 85% of data breaches occur at the small business level or that 41% of small business owners have no secure data protocols? As a small business owner, it is in your best interest, as well as that of your employees, to get small business liability insurance in Reno. But don’t just stop there – you should also get cyber liability coverage. Read the full article on Cyber Liability or contact Altus Insurance Group for more information.