These days with a rise in computer use, cyber security is more important than ever. Growing at about 30 percent yearly, Cybersecurity insurance is expanding especially in the United States. As a user of technology you should be prepared in case of any data breech. Here are a few things that will help you better understand cyber security.
Wording is key when it comes to buying cyber insurance. You may need to do a little research in order to find the policy that is right for you. When buying cyber insurance be sure to see what risks are covered and if there are any overlaps in the policy. Find out what responses will be taken in the event of a security breach.
Understand that in certain areas your Cybersecurity insurance coverage can be limited. Cyber insurance does its best to push financial risks to the insurer but if your reputation is potentially damaged with a break in security, insurance can’t do much. In the event of stolen intellectual property or damage to reputation you may not be covered.
Weaver & Associates Inc. is focused on your safety. Contact us now for any of your insurance questions and needs.
