Cyber liability insurance
According to state law, businesses in New York that experience a breach of private information must notify any affected residents, or face significant fines. They must also report the breach to several New York state offices.
According to state law, businesses in New Jersey that experience a breach of personal information must notify affected residents, or face significant fines. They must also report the breach to New Jersey state offices.
Under state law, businesses must notify residents about security breaches that expose their personal information. The notices can be written or electronic, and must be submitted as soon as possible...
Under state law, a business that believes a California resident’s personally identifiable information (PII) was acquired by an unauthorized person must notify the affected person, and possibly state officials as well. Failure to comply can result in lawsuits and fines.
Evaluating the risk of a cyberattack for your industry and the related costs of data recovery and legal expenses can help you determine how much cyber liability insurance your small business needs.
Data breach insurance safeguards businesses from the costs of a data breach or other cyber threats. Several insurance policies offer protection to cover data-breach related costs, such as client lawsuits and security fixes.
Cyber liability insurance covers the costs associated with data breaches and cyberattacks, including the cost of recovering important data and hiring legal representation.
