Cyber Insurance Protects Company and Client Information from Attacks

Gregor Hodgson | Vice President, Account Executive

Every week we hear of a new virus, hack or ransomware that threatens our business operations or employee or client information. Many business owners have been hearing about, and are now considering, cyber insurance. But what exactly is cyber insurance? What does it cover and, is it a good fit for my business?

In order to understand what cyber insurance covers, we first must understand what constitutes a cyber incident. A good definition of a cyber incident is, “The failure to prevent the theft, loss, or disclosure of personally identifiable, non-public information (or corporate information, which you have written obligation to protect) that is in the care, custody or control of your organization or a third party, for whom you are legally liable.”

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