Making Internet Insurance Simple for Long Beach Businesses
“Internet insurance”—or, more accurately, cyber liability insurance—is commercial insurance coverage that protects your business from financial losses due to many potential electronic attacks, from data breaches to wire fraud. If you run a company in Long Beach and so much as send an email, you should call Long Beach Insurance Services. We will find the right cyber liability insurance plans for you.
Any company that has a wireless internet network in place or stores any customer data electronically is at risk of a cyber-attack. The cost of cyber damages is steadily increasing as well, with one study stating that the average cost to rectify a data breach in the United States is now $8.2 million. Internet insurance helps cover these risks.
Bolster Your Cybersecurity with Cyber Liability Insurance
The cyber liability policies Long Beach Insurance Services writes include first-party coverage for cyber-attacks that you sustain yourself and coverage for claims against your own company of third-party data breach or negligence.
No cybersecurity system is complete without the support of an internet insurance plan.
Although policies may be tailored for your specific needs, cyber liability insurance generally provides coverages for:
- Loss or Damage to Electronic Data
- Loss of Income
- Cyber Extortion
- Wire Transfer Fraud
- Reporting Costs
- Reputation Damage
- Network Security and Privacy Liability
- Electronic Media or Content Liability
- Regulatory Proceedings (Including the CA CCPA)
Your company cannot protect their clients just with cybersecurity systems. Businesses subject to the California Consumer Privacy Act—which went into effect January 1, 2020—definitely need cyber liability coverage and are subject to a fine for every data breach involving private customer information. Call Long Beach Insurance Services today to review your internet insurance options.