Cyber Liability Insurance
Social media – social networking – whatever name is put to blogs, podcasts, networking websites like Facebook and LinkedIn, micro-blogging services like Twitter, and even your company website – has opened up new risks for employers.
Traditional liability insurance products don’t address internet exposures, and your business now has the same liability risks as publishers by disseminating information to the public through the internet. Exposures such as copyright infringement, defamation, and invasion of privacy have opened the door to the newest insurance coverage – cyber liability.
Cyber liability insurance covers a large range of loss exposures, such as damages due to loss or theft of client data, email-transmitted libel, and introducing (accidently or otherwise) a virus into another business’ network. The potential liability associated with all forms of electronic communication is rapidly evolving, but various insurers offer an ever-expanding list of coverages that are constantly undergoing change to meet the obvious growth of communication capabilities in the cyber-world. Talk to us today about ways we can both identify and cover your business’ cyber risks.