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Insuring Your Home

When we started thinking about buying a home, I realized that we had a boatload of work to do. I knew that we needed to save up a down payment, talk with a mortgage broker, and most importantly--figure out what we were doing about homeowners insurance. Fortunately, a friend of mine told me about a great insurance broker in our area who handled that kind of thing. We met with her to talk about our options, and before we knew it, we had found a policy that really melded with our budget and lifestyle. This blog is all about insuring your home.



Learn More About Cyber Liability Insurance Coverage

Cyber liability insurance is insurance that businesses can obtain to offer them coverage options to help protect them from cybersecurity issues and threats. Even if you are a small business owner, the chances are that you take care of quite a bit of your business online. Any of the data that's available online can fall prey to those cyber threats. It's important for you to gain a good grasp on cyber liability insurance, so you recognize its importance and make the best choices to protect your business, as well as your staff, clients, and anyone else with information that you have been trusted with. Here is more on cyber liability insurance:

What types of things can cyber liability insurance cover?

When you carry cyber liability insurance for your company, your policy can offer a good deal of protection. Your policy can cover the costs associated with cyberattacks and data breaches. Some examples of the types of costs you can incur due to these threats include lost income, the cost of repairing the computer system, the cost associated with recovering any compromised data, the cost of restoring the personal identities of those affected, and the cost incurred when notifying customers and others of the event. 

Some other things that can be covered in your cyber liability insurance policy can include things like your litigation expenses, forensic investigations expenses, crisis management expenses, defense expenses, and lost business expenses.

Who should be protected by a cyber liability insurance policy?

Large businesses and corporations will carry this coverage because they are fully aware of the risks that are out there. However, it's most often the smaller businesses that tend to get caught off guard because they fall under a cyberattack while not carrying this insurance. Even if you are a sole proprietor with no employees, you should still consider having a policy in place to protect you. Anything business-related that goes over your computer can be put at risk. 

Just some examples of the types of data that can be compromised in a cyberattack can include bank accounts, credit card numbers, customers' personal and financial information, social media accounts, and more. Information obtained can be used to steal, or it can be leaked, so there is an even bigger widespread cause for concern. The computer system can end up being infected with a virus, and anyone whose data has been compromised can find themselves becoming the victims of identity theft. Now that you have a better idea of the importance of a cyber liability insurance policy, you should act quickly in securing a policy for your business.