Cyber Liability Insurance - Data Breach Insurance

Cyber Liability Insurance with Data Breach Insurance Protection and Privacy Liability Insurance

 

A recent study by a major credit card company found that 85% of all data breaches occur at the small business level.cyber liability insurance quote
~ Organized crime considers small businesses to be low risk, high reward targets.
~ Small business owners are popular targets of identity thieves because they have larger lines of credit, higher volume of transactions and valuable computer networks.
~ Common reasons personal information is breached include criminal hacking, lost or stolen laptops, computers, or paper reports and negligent or malicious employee activity.

It is illegal for business owners to not report and not send notification to those whose legally protected personal information is breached.

 

 

Cyber Liability Data Breach Security Insurance

 

 

 WHAT ARE THE COSTS OF A DATA BREACH?data breach insurance

~ Claims for failure to protect information, expense of legally required notifications and credit monitoring to those whose information is exposed, forensic expense to find out and resolve what happened, public relations expense to maintain business reputation, regulatory and payment card industry fines and hacker extortion demands.
~ In 2011, the average cost to business owners per record compromised was $194, almost $200 per record. At that rate a lost laptop, cyber liability attack, rogue employee hack or data breach to a company storing 5,000 records could mean up to $1,000,000 in legal, reporting & remediation expenses, or more.
~ Small business owners have gone out of business due to identity thieves impersonating their business and personal name leading to loan defaults, inability to access credit and loss of business reputation.

 

People often ask, "What is the average cost of cyber liability insurance & Data Breach Insurance?" The truth is that with wide variations in operations, the cost can vary. A policy for a medium size company can start as low as $700.

 

Available Cyber Liability & Data Security Insurance Limits Available: data privacy liability insurance

$1,000,000 for Coverage Part A, Data Breach Liability,Security Breach Liability, Defense of Regulatory Proceedings, Payment Card Industry Fines and Penalties

 $1,000,000 for Coverage Part C, Website Liability

 

Cyber Liability Insurance & Data Security Insurance are available for the following business classifications 

Advertising firm Condo/Homeowner association*
Air/Heat contractor Consultant
Ambulance service
Architect
Artisan contractor
Assisted living
Auto repair Claims adjuster
Bars/ Tavern
Beauty/ Barber/ Nail shop
Bowling lane
Camp
Car wash
Caterer
Cemetery
Convenience store
Country club
Day care center
Day spa
Drug rehab center

E-commerce
employment agency
Engineer
Entertainment industry*
Fitness center
Furniture rental
Garment maker
General contractor
Home health aide
Home inspector
Hotel/Motel
Insurance agency
Insurance company
Janitorial
Laboratory (non-medical)
Landscaper
Laundromat
Maintenance
Manufacturer (non-information)

Massage
Permanent placement
Plumber
Premium finance company
Printer/Publisher
Property manager
Real estate agency
Rental car agency
Restaurant
Retail store
Sales & Distributors
Security guard firm
Supermarket
technology)
Telemarketing
Transportation & Trucking
Travel agency

 



* Not eligible for Website liability coverage

 

Click Here for a free quote on Cyber Liability & Data Breach Breach Insurance.

 

As many people have already found out, Castle Rock Insurance Agency is the best stop for a quote on Cyber Liability & Data Breach Insurance.  We are the low cost solution for your Cyber Liability & Data Breach Liability Policy Coverage.
Castle Rock Agency currently offers Cyber Liability & Data Breach Policy Coverage in New York NY, New Jersey NJ, Florida FL, Massachusetts MA, Pennsylvania PA, Connecticut CT and California CA.

 

Cyber Liability Insurance
Data Protection Insurance
Privacy Insurance Coverage
New York NY
New Jersey NJ
Florida FL
Massachusetts MA
Pennsylvania PA
Connecticut CT
California CA