Computer viruses and other cyber attacks can result in lost income and increased expenses to restore systems and recover data. With businesses at significant risk of losing critical information that is essential for daily operations, damaging their reputation and potentially exposing them to costly litigation, more companies are purchasing cyber insurance.
CyberOne™ provides broad coverage to help protect the risks typical small organizations may face. It helps policyholders recover from damage to systems caused by a computer attack and also provides defense and liability coverage for certain lawsuits that allege third-party damage resulting from a failure by the insured to adequately secure its own computer system.
Data Compromise helps a business respond to the loss or theft of the information they keep on customers, employees and others, including related expenses and legal defense and liability costs. This product is designed to help small and medium-sized businesses investigate a data breach, notify impacted individuals, and provide credit monitoring, case management and other services that help prevent identity theft and fraud.
The risk of a data breach is increasing and forty-seven states now require a company to notify individuals when their information is exposed, with potential significant costs to respond. The damage to a company's sales and reputation is dependent upon how they respond when an attack occurs.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/qbe-north-america-expands-suite-of-commercial-products-to-protect-against-information-security-exposures-300359938.html