In today’s digital world, businesses of all sizes are increasingly vulnerable to cyberattacks and data breaches. Cyber Liability Insurance from Phillips & Associates Insurance Agency protects your business from financial losses caused by hacking, data theft, ransomware, and other cyber incidents. Whether you handle customer data, process online transactions, or rely on digital tools, this coverage is essential for modern businesses.
A single cyberattack can cost your business thousands—or even millions—in recovery, fines, and lost revenue. Cyber liability insurance helps you stay protected by covering expenses like:
Data Breaches
Protects your business if sensitive customer or employee data is compromised.
Cyber Extortion
Covers payments and recovery costs associated with ransomware or other cyber extortion threats.
Business Interruption
Compensates for income loss caused by cyberattacks that disrupt operations.
If your business relies on digital systems, handles sensitive information, or operates online, cyber liability insurance is critical. This includes:
A: Coverage includes data breaches, hacking, ransomware, phishing attacks, and business interruption caused by cyber incidents.
Q: Does cyber liability insurance cover legal fees?A: Yes, it covers legal defense costs, regulatory fines, and penalties related to cyber incidents.
Q: How can I reduce my cyber risk?A: Implementing firewalls, encrypting data, and training employees on cybersecurity best practices can help reduce risk.
Don’t wait until a cyberattack disrupts your operations. Cyber Liability Insurance from Phillips & Associates Insurance Agency gives you the confidence to run your business while we handle the risks. Call 330-493-9222 or request your free quote online today!
