I won’t bore you with a lot of facts and figures you probably won’t read anyway, but in 2016 the overall cost of data breach was about $7 million. That’s around $220 for each lost record. How many clients do you have? Multiply that number by $220. Is that a loss you can afford?
I won’t bore you with a lot of facts and figures you probably won’t read anyway, but in 2016 the overall cost of data breach was about $7 million. That’s around $220 for each lost record. How many clients do you have? Multiply that number by $220. Is that a loss you can afford?
Don’t think this is something that only large companies have to worry about. Often small companies are easier to hack.
Many General Liability policies exclude data breaches. Most companies now offer Cyber Insurance to protect their clients. These policies often cover business interruption in case you have to close down while you fix the problem.
Do you have this protection? Do you need it?
Give Ron or Jane a call to discuss your options.
The Agent Insurance Services | 330-758-3339