Why Cyber Liability Insurance is Just as Important as Traditional Liability Insurance

Much is made of conventional insurance for businesses, yet the mainstream media often ignores cyber liability insurance. Granted, traditional commercial insurance is certainly important. However, there is a strong argument to be made that cyber liability insurance is becoming equally important.

Protection Amid the Online Transition

Nowadays, it seems as though everything is connected to the web. Between software as a service, the internet of things and beyond, most aspects of business and life involve the web.

A business in or near Portland, OR without cyber liability insurance faces heightened risk of cyber attacks. Such attacks become more sophisticated with each passing day.

As a business owner or manager, you should be aware that your enterprise will be attacked and likely breached. It’s not a question of “if” but “when” such a breach will occur.

Obtain cyber liability insurance and you’ll enjoy protection in the aftermath of online attacks. Einstein Insurance has you covered.

Consider the Value of Your Information

Take a moment to ponder the value of your clients’ data. Pause to ponder the value of your company’s data. Much of that data is likely stored in the cloud or accessible through the internet.

If your valuable data is stolen or illegally accessed, you’ll face legal liability. There is also the chance for a ransomware payment or phishing attack to occur. However, if you have cyber liability insurance in place, you’ll resolve those incidents while safeguarding your company’s reputation and maintaining operations.

Above all, your cyber liability protection will shield your business from enormous financial losses resulting from ensuing lawsuits. Keep in mind, traditional liability insurance doesn’t extend all the way to cyber incidents. This is precisely why your business needs cyber liability insurance.

Get a Quote From Einstein Insurance

Serving Portland, OR and surrounding areas, Einstein Insurance offers fair rates and extensive coverage. Give us a call today for your customized quote.

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