Understanding Small Business Cyber Liability Coverage in New Jersey
It is not just banks, large retailers & universities that are at risk for a data breach or cyber liability exposure. These companies, like the highly publicized incidents with Target and Michaels, are the ones that make the headlines. But there are small data breaches happening every day across New Jersey that we don’t read about.
Here is how to know if you need protection from cyber liability insurance:
Do you accept credit cards as a form of payment?
Do you retain personal identifiable information for clients?
Do you use a corporate business card or write checks?
There are many types of data breach and cyber liability issues out there, even the smallest retailer can be perpetrated and may wind up having to pay a lot of money out of pocket.
The coverage for data breach or cyber liability has many components and it is important to make sure that you get the right coverage, if available, to protect your business. Cyber Insurance coverage starts at $158 per year to cover $50,000 in expenses. Privacy Coverage, ID Theft, Business Card, System Security Coverage & First Party Liability are all pieces to this cyber puzzle.
Thieves are out there to steal your data as they would steal equipment or money from the cash register. You already protect your physical assets with a Commercial Package Policy or a Business Owners Policy, by adding this valuable coverage you can stop the cyber thief from winning the data breach game. To learn more about protecting your business contact LG Insurance Agency in Long Branch, NJ.
