Cyber Technology is a prominent part of nearly every businesses’ operation. It is critical to have a Cyber Liability policy in place to cover the unique risks of a business. Today, sensitive information is being transferred more freely through means that can be easily intercepted. A stolen lap top, a hacked server, or an ill-advised social media post can result in widely disseminated information or worse it could result in personally identifiable information ending up in the wrong hands. A business’s General Liability policy will most likely not respond in the event of a cyber-attack. A Cyber Liability policy can cover business interruption, data loss, computer funds, funds transfer loss, and cyber extortion.
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