Cyber liability insurance is one of the best ways to protect critical information your business stores, such as tax documents, client information and company plans. It can be expensive if this information becomes lost, stolen or damaged due to a security breach or cyber attack.  

A cyber liability policy can assist with covering financial losses and costs associated with a cyber attack. Our agents at Merritt Hall Insurance are here to help you get started with a cyber liability insurance policy today.  

What Is Cyber Liability Insurance? 
Cyber liability insurance can cover financial losses associated with data breaches or cyber attacks. Your policy can cover both first-party and third-party costs. First-party costs are expenses that directly result due to a breach. Third-party costs are those related to claims made against you, including if you are sued. 

A cyber liability insurance policy does not cover the following: 

Each policy is different, so you should discuss your coverage needs with an agent.  

Who Should Carry Cyber Liability Insurance?  
If your business handles any matters virtually, you should consider having cyber liability coverage. Without it, you could be left with high out-of-pocket costs that could have devastating consequences for your business.  

If you’re unsure about whether or not you need coverage, connect with an agent today.  

What Does Cyber Liability Insurance Cost?  
The cost of cyber liability insurance will vary. The higher your risk for cyber attacks and data breaches, the higher your quote will likely be. Reducing your risk could potentially lower your premium.  

Get Started Today 
At Merritt Hall Insurance, we want to help ensure you are covered in case of a cyber attack or security breach. It’s impossible to avoid risk entirely, so a cyber liability policy is vital. Reach out to an agent to speak about cyber liability insurance today.