There is hardly a day that goes by we do not read or hear of some company’s or government computer system being breached and confidential information being compromised. There are those who wish to obtain private information for their own financial gain, but there are others who want to prove it can be done. I call that “too much time on their hands”. Because most of us just want to do our job and make a living, we do not think about it happening to us. However, nothing could be further from the truth. We are all vulnerable.
Insurance companies are working hard at battling the cyber age as many lawsuits are arising out of these breaches of information. And the electronic age have erupted at a pace much greater than our laws can catch up. However, damages to individuals or companies are not limited to financial, medical, and identity theft. A business spends millions trying to repair credibility, trust, notification and monitoring services. Does your business need this coverage? Does your insurance policy provide these services. Ask your agent or call one of ours.
Commercial Insurance.Net, LLC Advisor is not an attorney, accountant or certified financial planner and makes no representations or warranties to that effect. Always check with your chosen professional as to statements made in this blog for your particular situation.