Does My Connecticut Business Need Cyber Liability Insurance?

Does My Connecticut Business Need Cyber Liability Insurance?

Your business may be at risk for a cyber-attack or data theft. Cyber liability insurance offered by insurance companies in Hartford, CT may protect your business from a wide range of cyber threats. These threats can include identity theft, theft of credit card numbers, theft of other private information such as passwords or Social Security numbers, malware, and other security threats. If such situations happen, your company may be held liable by customers, clients, and vendors and costs are often much higher than a company might expect due to multiple claims. Retail, hospitality, restaurants, and healthcare may be at most risk.

Cyber liability threats can be very costly and result in multiple lawsuits and claims. Any business with private information and an internet connection may be at risk. These types of attacks are also more common in small to moderately sized businesses because they are easier to breach and may still collect the same types of private information that a larger company would store from customer and vendor transactions or private files. Cyber liability insurance may pay the cost of claims, legal fees, forensic investigation, public relations, credit monitoring, and even notifying customers in the event of an attack. Contacting insurance companies in Hartford, CT may help you gain more information on how to protect your business from cyber threats with cyber liability insurance.

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