Cyber Liability Insurance: Are You Prepared for a Data Breach?

Franke Insurance Services Cyber Liability Insurance: Are You Prepared for a Data Breach?

In today’s digital age, data breaches are becoming increasingly common. In fact, a recent study found that 60% of businesses have experienced a data breach in the past year. This statistic is alarming, and it underscores the importance of cyber liability insurance for businesses of all sizes.

What is Cyber Liability Insurance?

Cyber liability insurance is a type of insurance that protects businesses from the financial losses associated with a data breach. This can include the cost of notifying affected individuals, providing credit monitoring, legal expenses, and more.

Who Needs Cyber Liability Insurance?

Any business that collects, stores, or transmits sensitive data needs cyber liability insurance. This includes businesses in all industries, from healthcare to finance to retail.

How Can Franke Insurance Services Help?

Franke Insurance Services is a leading provider of cyber liability insurance. We can help you find the right coverage for your business and ensure that you are protected in the event of a data breach.

What are the benefits of Cyber Liability Insurance?

There are many benefits to having cyber liability insurance. These include:

* Financial protection: Cyber liability insurance can help you cover the costs associated with a data breach, such as legal expenses, notification costs, and credit monitoring.
* Peace of mind: Knowing that you are protected from the financial losses associated with a data breach can give you peace of mind.
* Compliance with regulations: Many regulations, such as HIPAA and PCI DSS, require businesses to have cyber liability insurance.
* Access to experts: Cyber liability insurance policies often come with access to experts who can help you respond to a data breach.

How much does Cyber Liability Insurance cost?

The cost of cyber liability insurance varies depending on the size of your business, the industry you are in, and the amount of coverage you need. However, cyber liability insurance is typically affordable, especially when compared to the potential costs of a data breach.

Get a Quote Today

If you are interested in getting a quote for cyber liability insurance, please contact Franke Insurance Services today. We would be happy to help you find the right coverage for your business.

Conclusion

Data breaches are a serious threat to businesses of all sizes. Cyber liability insurance can help you protect your business from the financial losses associated with a data breach. If you do not have cyber liability insurance, we encourage you to get a quote today.