Protect yourself against Electronic Communications potential liability claims

Most companies today are dependent on their computers for operations. One person can virtually run an entire company through their laptop which creates a large liability. Unfortunately, all types of scandals have made the news regarding hackers, slander and major forms of invasion of privacy. A couple of Employers thought it was acceptable to ask candidates for their Facebook passwords. Major News Corporation Sky News involved in a phone hacking scandal. All of this news is bad for business. Brent Kelly over at The Insurance Professional recently wrote more on the subject of Electronic Media Liabilities.

One way to protect your business against Digital Media liability claims is to purchase cyber liability insurance.  The Insurance Journal reports, “Last August, in its annual study on the cost of cybercrimes, the Ponemon Institute found the median cost of such crimes to an organization was $5.9 million. (The same study found attacks had risen 44 percent from a year earlier).

Generally, cyberinsurance covers suits filed by customers whose accounts have been hacked; direct costs such as notification letters sent to a ffected customers; and, increasingly, fines and penalties associated with data breaches.”

Protect your business today by requesting a quote for cyber liability insurance.