{"id":39,"date":"2018-06-18T02:00:00","date_gmt":"2018-06-18T14:00:00","guid":{"rendered":"https:\/\/www.tocoinsurance.com\/blog\/?p=39"},"modified":"2018-06-14T13:54:21","modified_gmt":"2018-06-14T19:54:21","slug":"what-your-company-needs-to-know-about-cyber-security-liability-coverage","status":"publish","type":"post","link":"https:\/\/www.townandcountryagency.com\/blog\/what-your-company-needs-to-know-about-cyber-security-liability-coverage\/","title":{"rendered":"What Your Company Needs To Know About Cyber-Security Liability Coverage"},"content":{"rendered":"<p>Most business owners know that they need insurance coverage for&nbsp;protection due to fire, theft, injury, and liability. However, whether you are a small Buford, GA business&nbsp;or a large corporation, you need to protect yourself from cybersecurity&nbsp;breaches, too. Statistics show that after having their computer system hacked, 50 percent of small companies go out of business. One of the main reasons is because they don&#8217;t have data&nbsp;breaches&nbsp;and cyber liability insurance coverage. Keeping your business safe from criminal hacking is key. Here&#8217;s what you need to know about cyber liability from Town &amp; Country&nbsp;Insurance.&nbsp;&nbsp;<\/p>\n<p><strong>Small businesses are a favorite target<\/strong><\/p>\n<p>While big data breaches get all the headlines, 43 percent of all cyber-attacks happen to small firms, according to Small Business Trends.&nbsp;<\/p>\n<p><strong>Restoring your reputation is costly<\/strong><\/p>\n<p>A firm&#8217;s reputation drops after a data breach. Your customers may become wary. It is estimated with firms that have been hacked, they lose up to a third of their customer base, on average. It may take a lot of money and years of confidence-building to rebuild your reputation.&nbsp;&nbsp;<\/p>\n<p><strong>Cybersecurity liability isn&#8217;t just about hacking<\/strong><\/p>\n<p>You could be held liable for any cost that involves loss of data, such as data breached on a customer&#8217;s stolen, or lost, laptop or smartphone.&nbsp;&nbsp;<\/p>\n<p><strong>What Does Cyber Liability Insurance Cover?&nbsp;<\/strong><\/p>\n<p>In addition to protection from business losses due to loss of data, extortion, disruption of activity, and computer fraud, a&nbsp;basic&nbsp;cyber liability insurance policy typically covers&nbsp;costs relating to:&nbsp;<\/p>\n<ul>\n<li>Repairing affected computer systems&nbsp;<\/li>\n<li>Notifying authorities and victims who may be affected by a breach of data&nbsp;<\/li>\n<li>Defense against regulatory penalties and fines&nbsp;<\/li>\n<li>Victims losses due to identity theft&nbsp;<\/li>\n<li>Rebuilding your reputation&nbsp;<\/li>\n<li>Lawsuits and class action suits claiming breach damages&nbsp;<\/li>\n<li>Liability for copyright&nbsp;infringement or malicious falsehoods a hacker may insert&nbsp;<\/li>\n<\/ul>\n<p>If your business relies on networked technology, you need data breach insurance and cyber liability insurance. Town &amp; Country Insurance has the experience and expertise to help you protect yourself from&nbsp;cyber crimes.&nbsp;If you live in Buford, GA, call us today to find out more about how we can tailor a policy to meet your specific needs.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most business owners know that they need insurance coverage for&nbsp;protection due to fire, theft, injury, and liability. However, whether you are a small Buford, GA business&nbsp;or a large corporation, you need to protect yourself from cybersecurity&nbsp;breaches, too. Statistics show that after having their computer system hacked, 50 percent of small companies go out of business. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6,5],"class_list":["post-39","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-buford-ga","tag-town-country-insurance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/posts\/39","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":1,"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"predecessor-version":[{"id":40,"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions\/40"}],"wp:attachment":[{"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.townandcountryagency.com\/blog\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}