Cyber Liability Insurance in Alexandria, VA and McLean, VA
Recent advancements in technology have created a need for greater understanding and guidelines in a growing industry. At Kinneman Insurance, we know the risks businesses face when it comes to a data breach and can provide the comprehensive coverage needed for security.
If your company utilizes computers or other forms of technology, you are susceptible to a cyber breach. We can provide your business with a comprehensive cyber liability plan to cover damages if your business’ data is lost, stolen or compromised. We routinely protect businesses in Alexandria, McLean, Bethesda and surrounding areas.
Protection from Data Breaches, Identity Theft, and More
Through our established partnerships with trusted carriers, we can create tailored insurance solutions. Our team of agents will work with you closely to understand your business model and make sure your plan doesn’t have any gaps in coverage.
Our data breach insurance covers the following potential risks:
Loss or Corruption of Data
To get started, please request a quote.
Common Cyber Liability Insurance Questions:
What is Cyber Liability Insurance?
Data is susceptible to any type of damage or theft if it is collected and stored on a computer. This can result in significant financial or informational loss for your company. Having cyber liability insurance won’t stop these issues from happening. Rather, it will help you respond to these data losses to prevent challenges for your business and other affected third parties.
What Does Cyber Liability Insurance Cover?
Commercial liability insurance helps the business compensate others if an internal data loss incident occurs and puts third-party personal security on the line. Whether this loss occurs due to a cyber-attack or another form of data loss, cyber liability coverage pays for:
Stolen data retrieval and recovery
Reimbursement of fraudulent charges
Identity protection services for customers at risk of identity theft
Damage control for your business’ reputation
Legal fees associated with the attack
Regulatory notification fees
Damaged hardware is not covered by cyber liability insurance. However, commercial property insurance can provide this benefit.
Why Do I Need Cyber Liability Insurance?
Lost data, just like any other type of business or property damage, can cause a lot of major problems for businesses. This can involve significant financial losses or private information being revealed to the public, which could be severely damaging to both the business and a third-party victim. In these cases the business still must take responsibility for taking care of the issue. Cyber liability insurance will ensure the policyholder can do so at as minimal a financial loss as possible.
What You Can Expect From Us
At Kinneman Insurance, we are adamant about creating the right insurance solution for each business. We take the time to get to know each client to fully understand their coverage needs and create a tailored policy to match. To learn more about our offerings for businesses, please contact us.