Do you collect personal or medical information from clients in your line of business? With the rising tide of hackers targeting small businesses, adding cyber insurance to your policy is a sensible move. The knowledgeable agents at Storey Insurance in Senatobia, MS, are ready to help you understand cyber insurance and what it covers.

What Protection Does Cyber Insurance Provide?

Adding cybersecurity to your commercial insurance policy generally assists in compensating for financial losses that occur after a cyber-attack. These losses may encompass data recovery, extortion, hacking, and notification costs. Our team stands ready to help you comprehend the different types of coverage available and their potential benefits to your business.

What’s Included in Cyber Insurance?

It is mandatory under state and federal laws for businesses to notify their clients following a data breach involving their personal information. Cyber insurance can assist in covering the costs related to the notification process.

If your computer systems are compromised, you might be required to bear the expense of restoring personal identities. In addition, data breaches involving the theft of personal information could invite lawsuits, meaning you should ensure your insurance covers legal fees.

In some circumstances, hackers might corrupt or eliminate sensitive data. As a result, you might need to enlist the services of data recovery experts to retrieve data and rehabilitate computer systems affected by the attack.

What If Hackers Hold Your Company for Ransom?

Ransomware can deny you access to your own computer systems. With cyber insurance, you are provided aid in meeting ransom demands or attempting to apprehend the responsible parties. Cybersecurity specialists can help steer you through the complexities of recovering missing or stolen data. There are also privacy regulations and policies that you’ll be required to comply with. With the right insurance, you can afford to bring in experienced experts to guide you through recovery.

To schedule an appointment or request a cyber insurance quote, contact the team at Storey Insurance in Senatobia, Mississippi.