Data Breach Insurance

Data breach insurance goes by many names, including privacy liability and cyber liability. It can provide coverage for several types of risk:

notification expenses to notify those who have had their data stolen (generally these are the customers)

Who needs data breach or privacy liability insurance?

Almost every business needs this type of insurance . Any business that gathers any information, even if it is simple as a name and zip code. Of course, if a business accept credit cards of e-checks, they are at risk. The cost of a breach could bankrupt a company.

Offer your clients data breach insurance to protect yourself as well, but reducing E&O exposure.