Cyber Liability Insurance

As businesses become more reliant on technology to conduct day-to-day business, they are more vulnerable to hacking and other malicious acts. Cyber liability insurance can help protect against the financial fallout of a data breach or cyber attack. 

At the Maranatha Tax & Insurance Agency in Mount Dora, Florida, we are ready to help you get the cyber insurance you need to help protect your business. 

What Is Cyber Insurance? 
Your agent may recommend that you purchase a cyber insurance policy regardless of the size of your company. Even small businesses lean heavily on technology to help them streamline processes and stay in touch with their customers. 

A cyber liability insurance policy may help your business overcome the following challenges: 

Your agent may also recommend additional coverages for more robust protection, such as: 

Why Do Businesses Need Cyber Insurance? 
If hackers can gain access to your company database, they may steal your customers’ personal information, including birthdates, addresses and credit card details. They may even be able to lock you out of your system and demand a ransom in exchange for access. 

Companies belonging to an industry with rules designed to protect a customer’s right to privacy, such as health care, education or finance, may find a cyber attack significantly damaging. 

How Much Does Cyber Liability Insurance Cost? 
Your cyber liability insurance policy premium depends on several factors, including: 

• Your company size.

• Your industry.

• Coverage limits.

• The types and volume of sensitive data your business handles.

Get the Cyber Liability Coverage You Need Today 
Cyber insurance is a crucial part of a comprehensive insurance plan for many businesses. To learn how this coverage may help protect your company and get a quote, contact Maranatha Tax & Insurance Agency.