5 Features to Look for in Cyber Risk Insurance

Cyber Risk Insurance

As a business owner, it is your responsibility to adequately protect your company. You can’t get a standout cyber risk insurance policy without first understanding the features that are important. Consider getting a policy with the following features.

1. Forensic Investigation

This policy helps pay for the detective work needed to discover how data was lost in the first place. This will help you better protect from the issue in the future.

2. Business Interruption

If your business has to stop due to a cyber threat, this cyber risk insurance will help cover the incurred expenses.

3. Theft and Fraud

When your data is stolen, you may be at financial risk. This coverage helps cover expenses your business has because of loss of your data.

4. Data Loss and Restoration

If your data can be recovered, this policy will help cover the expenses. Sometimes, this type of policy may even help diagnose and repair the issue that caused the breach in the first place.

5. Credit Monitoring

If you house other people’s or company’s data, you have to be able to monitor their information should a breach occur. This coverage helps monitor credit to ensure no identities were stolen.

Work With Your Agent

No matter what kind of policies you want in your cyber risk insurance, you have to work with your agent. Call your insurance provider today to learn more about your options.

Insurance Risk Advisors