Cyber-attacks or data breaches can take many forms, from deliberate attacks to technology issues or simple negligence. As modern business is reliant on computer systems and networks, a breach of data or a shut-down of service can have a major impact on your business with many small businesses unable to operate afterwards.
Some common events that can result in a Cyber claim are:
Small businesses are particularly vulnerable to cyber-attacks of all kinds and it can be very costly. Aside from the cost of notifying your customers, you may also face costs for public relations expenses, credit monitoring costs, investigations response and compliance related activity, compensation for affected customers and engaging experts. Most of these costs aren't covered by normal business insurance, which is why it is important to speak us to arrange a quote for your business.