What is Cyber Liability Insurance?

If you’re like most companies in this age, technology (specifically, the internet) probably plays a huge role in your day-to-day operations. Maybe you’re processing credit card transactions, sending confidential emails, storing data on your servers, or something more complex. Whatever it may be, using the internet can put you, your employees, and your customers at risk.

To help you protect some of the most vulnerable parts of your business, we offer cyber liability insurance. Cyber liability insurance is designed for consumers of technology services or related products. It can protect you from being held liable in the event of a security breach, data hack, or other crime.

What Risks is Cyber Liability Insurance Designed for?

Cyber liability insurance can protect you, your employees, and your customers from potential risks—whether internal or external. Some examples of situations that may occur include:

• A hacker steals information from your business and/or customers
• Your POS system is compromised, leading to stolen credit card information
• An employee’s work-issued device (phone, laptop, tablet) is stolen
• An employee accidentally (or purposefully) sends confidential information through an email

Should any of these happen to your business, you could be faced with a number of charges and expense. These may include (but are not limited to):

• Restoration/retrieval of data
• Loss of customers
• Lawsuits
• Investigations
• Public relations/crisis management

Why Insure Your Business Through Rafail Insurance?

The industry you’re in doesn’t matter. The size of your business doesn’t matter. Your typical customer doesn’t matter. What does matter is whether or not you’re protected should your information or communications be compromised.

Rafail Insurance—one of the top 1% of Farmers Insurance agencies in the country—can offer you the protection you need. Our family-owned company is known for our friendly, professional service and affordable insurance rates.