Most companies mistakenly assume their existing insurance policies will provide coverage in the case of a data breach. However, due to dedicated limits, these policies generally aren’t enough to cover the full exposure.
But there is an easier answer; one that can provide the comprehensive coverage your company needs to address the full breadth of risks associated with doing business in the 21st century. It’s called Cyber Liability Insurance.
The bottom line is that when it comes to a data breach, it’s no longer a matter of “if” it will happen, but “when.” As a result, having a Cyber Liability Insurance policy in place is more than just a wise investment. It’s business critical.
Source: Succeed Management Solutions