Who Needs Cyber Liability Insurance?

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You’ve undoubtedly seen the recent breaking news about largescale companies falling victim to cyber security breaches. If it happened to them, it could happen to you, too, and it would be an awful experience for both you and your customers. Einstein Insurance is here to provide Portland, OR entrepreneurs with coverage that can best protect their businesses against such attacks. 

Why Cyber Liability Insurance? 

Any place of business should prioritize protecting themselves and their customers’ information. A recent study found that 43% of cyber-attacks target small businesses. Most companies can be subject to cybercrime. You don’t want to leave yourself vulnerable to a damaging data breach.

Cyber liability insurance protects a business against financial losses caused by incidents related to network breaches and other cybersecurity issues.

Cyber liability insurance can be a vital protection to have in place for businesses that:

  • Sell goods or services online
  • Store important data virtually
  • Have a large customer base
  • Earn high revenue
  • Retain valuable digital assets

Without proper protection in place, you could be inadvertently exposing yourself and putting your customers at risk. It can be difficult to rebuild trust and recuperate lost income after a breach. The bottom line is you’ll want to have cyber insurance if you handle customer data or store information about your business online. Cyber liability insurance can safeguard your information from:

  • Data breaches
  • System hacking
  • Computer viruses
  • Phishing scams
  • Cyber security attacks
  • Compromised networks
  • Ransomware extortions

If any of these seem like acute concerns for you or your business, it could be worth further researching cyber liability insurance. Once you decide, make sure to find an insurance provider with experience in cyber liability insurance to put yourself in the best position against a costly cyber-attack.

We Are Here To Help!

To help your business find the best policy, contact our experts at Einstein Insurance. We proudly serve the Portland, OR business community.