Just about any organization that uses technology to do business faces cyber risk. And as technology becomes more complex and sophisticated, so do the threats we face – which is why every business and organization needs to be prepared with cyber liability insurance. At Travelers, we understand the complexity of cyber threats and have cyber liability insurance solutions to help protect your business assets.
In the event of a data breach, a business must respond quickly to help protect impacted individuals and the business’s reputation. Our coverage can help with response related expenses including, costs to notify impacted individuals and good faith advertising. And in most states, coverage is available to help cover legal defense and liability expenses if your business is sued because of a breach.
Data breach insurance can be added to a Business Owner’s Policy or offered as stand-alone policy that allow businesses to tailor coverage to their specific data privacy and network security insurance needs.