In recent years, New Orleans’ growing technology industry has earned a new nickname: The Silicon Bayou. However, even the most tech-savvy businesses are susceptible to both network breaches and cyber crimes.
Research shows more than 12% of network breaches are perpetrated intentionally by someone within the compromised business. Other breaches are caused by vulnerabilities created when unsuspecting employees accidentally introduce viruses into the system via emails and websites.
Even social media and blogging, which are valuable elements of your marketing campaign, put you at risk of copyright infringement, defamation, and even invasion of privacy.
Because traditional liability insurance products don’t address all of these exposures, cyber liability insurance is a necessary investment for all businesses.
Among the loss exposures covered by cyber liability are:
- Damages due to loss or theft of client data.
- Email-transmittal libel.
- Introducing (accidently or otherwise) a virus into another business’ network.
As the Silicon Bayou continues to evolve and change, businesses will be faced with both new opportunities and new risks. Be prepared.
Invest in coverage that will continue to adapt to the new demands of modern businesses. At Eustis, our cyber liability specialists take the time to get to know your business’ assets and vulnerabilities in order to provide the precise cyber liability coverage your company requires.
Talk to us today to learn how we can both identify and cover your business’ cyber risks.