Why do I need cyber liability insurance?

Cyber liability insurance protects businesses against targeted attacks. State and Federal fines, third party claims, damage to software and revenues and response expenses are all potential exposures. If your company handles sensitive client information, you are vulnerable. With hackers becoming bolder and cyber attacks getting bigger and more frequent every year, business owners must take control of their computer security and protect themselves. According to the 2021 Hiscox Cyber Readiness Report, one-in-six firms attacked in the past year revealed they almost went under. Cyber liability insurance provides businesses the coverage they need to protect one of their most valuable assets – data.