Do You Need Cyber Liability Insurance?
IN THE NEWS – ELIJAH Digest | August 07, 2019 Computer Forensic, Cybersecurity and Managed IT Solutions. What is it? Cyber-insurance is a relatively new insurance product and is used to protect law firms and businesses from Internet-based risks. Most policies cover a business’ liability for a data breach in which the firm’s data and information is exposed or stolen. Does my firm or business need it? With more and more law firms and businesses having cyber-attacks, business owners need to consider adding a Cyber Liability Insurance policy to their insurance package. Cyber Liability Insurance is designed to cover the financial losses that result from data breaches and other cyber events. Many policies include both first-party and third-party coverages. First-party applies to losses sustained by your company directly and third-party coverages applies to claims against your firm by people who have been injured a result of your actions or failure… Read more »Read More