You’ve probably heard a lot about cyber attacks on the news lately. You may be wondering if your commercial insurance policy covers you in the event of a cyber attack in Portland OR. The answer is maybe. It depends on the type of policy you have and the specific details of the attack. Einstein Insurance in Portland, OR is here to provide you with a guide on this important coverage. 

Basic Commercial Insurance Policies

Most basic commercial insurance policies will not cover you in the event of a cyber attack. This is because cyber attacks are generally considered to be an "act of war" and are not covered under standard insurance policies. However, there are some exceptions. For example, if a hacker accesses your computer system and steals customer data, that would be covered under most commercial insurance policies since it is considered to be theft.

CyberSecurity Insurance Policies

To be fully protected in the event of a cyber-attack, you will need to purchase a separate cybersecurity insurance policy. These policies are designed to protect businesses from financial losses resulting from a data breach or other types of cyber attacks. Cybersecurity insurance policies can be customized to meet the specific needs of your business, so it’s important to work with an experienced agent to determine what coverage is right for you.

Contact Us Today

No one likes thinking about the possibility of their business being attacked by hackers, but it’s important to be prepared. Most basic commercial insurance policies do not cover acts of war, like cyber attacks, but there are some exceptions. The best way to protect your business is to purchase a separate cybersecurity insurance policy. Contact Einstein Insurance in Portland, OR today to determine what coverage is right for you and your business.