If your business engages in selling on the internet or collecting personal data within your electronic network, you are at risk of a data breach. When a data breach occurs, your client’s personal information is at risk, including their Social Security or credit card numbers.
To protect your business, you need cyber liability insurance. This helps to protect your company in the event of a data breach. As technology advances and becomes more sophisticated, so do the threats of breaches.
How do you mitigate a cyber security breach?
With cyber liability insurance, your business is protected and covered in the event of a breach. Depending on the size of the breach, you could be looking at:
On average, cyber liability insurance costs between $2000-$5000. The more confidential information your business has, the higher your premium will be. For example, law firms and medical companies have some of the highest cyber liability insurance premiums in the nation.
How do you reduce the costs of cyber liability insurance?
Total Technology Resources can help you reduce your premium:
By reducing your risk, you could reduce your cyber liability insurance by half.
Call us today at 215-464-8121 to learn more about reducing your risk of a data breach.