Why Cyber Liability & Privacy Insurance For Your Company

cyber and privacy insurance

To explain the Cyber and Privacy Insurance it is A type of insurance designed to cover consumers of technology services or products. More specifically, the policies are intended to cover a variety of both liability and property losses that may result when a business engages in various electronic activities, such as selling on the Internet or collecting data within its internal electronic network.

Most notably, but not exclusively, cyber and privacy policies cover a business’ liability for a data breach in which the firm’s customers’ personal information, such as Social Security or credit card numbers, is exposed or stolen by a hacker or other criminal who has gained access to the firm’s electronic network. The policies cover a variety of expenses associated with data breaches, including: notification costs, credit monitoring, costs to defend claims by state regulators, fines and penalties, and loss resulting from identity theft.

In addition, the policies cover liability arising from website media content, as well as property exposures from: (a) business interruption, (b) data loss/destruction, (c) computer fraud, (d) funds transfer loss, and (e) cyber extortion.

Cyber and privacy insurance is often confused with technology errors and omissions (tech E&O) insurance. In contrast to cyber and privacy insurance, tech E&O coverage is intended to protect providers of technology products and services, such as computer software and hardware manufacturers, website designers, and firms that store corporate data on an off-site basis. Nevertheless, tech E&O insurance policies do contain a number of the same insuring agreements as cyber and privacy policies.

If your companies data was breached and your clients info was compromised the damages could be very large. This could potentially put you out of business if enough data is exposed or your clients experience losses due the breach.

You can protect yourself against this financial risk of a data breach simply by securing a cyber liability policy.

We have helped set up a number of these policies to protect businesses from potential loss. Let us show you how we can protect you as well!

Contact us at mfusco@fuscoinsuranceny.com

We are licensed in 9 states NY NJ CT MD PA NC SC TX FL

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Special Event Coverages Are Important In Case Your Event Is Cancelled

Organizers who runs a special event such as a seminar, business conferences, weddings, car shows, educational lectures, golf outings to name a few put a lot of time and effort in organizing these events. First thing you will be required to have is a special event policy for general liability. No brained and the facility hosting the event will mandate your covered for the event.

However, what is your next concern? Obviously you have put all this time and effort and stress that everything goes off as scheduled and planned. Well what happens if that isn’t possible? Do you have event cancellation or weather coverage? Depending on the costs involved you would be wise to purchase coverages to protect you in the event of a cancellation or weather such as snow, rain and more. Shouldn’t one be prepared if for some reason the event cannot take place. This would ensure to make you financially whole and go a long way in helping reschedule the event.

The next time you plan an event ask your insurance broker about cancellation and weather coverages. Plans start as low as $250. Of course we are available to help you secure the coverages you need. Feel free to visit our website insuredbyfusco.com

Or fuscoinsuranceny.com to request more info and a quote.

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Stop Putting Off The Life Insurance Conversation

It’s the end of another year. Have you taken care of your life insurance needs? Do you have enough for final expenses, to replace income, cover tuitions and your mortgage? We offer many options and affordable solutions. Visit insuredbyfusco.com to request a review and we can provide quotes that meet your needs and budget. #statenislandlifeinsurance #lifeinsurance

https://fuscoinsurance.blog/2017/08/10/importance-of-having-a-will-life-insurance/

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ProCPR – Healthcare Provider (BLS / BCLS) Adult, Child, and Infant CPR/AED https://t.co/gOD1cXYPfP (cont) https://t.co/AoPJ6tPxhz #cprcourse

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Cyber Liability Insurance To Cover Data Breaches Is Becomimg A Must Have Coverage For All Businesses

Cyber threats are real and increasing in numbers everyday. Even big companies like Equifax have been breached. Why can’t your small business suffer the same vulnerability.  O matter how big or small your company is, you can be breached.

Let us give an explanation of what Data Breach is 

A data breach is the intentional or unintentional release of secure or private/confidential information to an untrusted environment. Other terms for this phenomenon include unintentional information disclosure, data leak and also data spill.

This can be from anoutside source or even your own employees. As much time and effort as you put into hiring these employees and nurturing them the chance always exists that they may be tempted to misuse client data.

You can protect your business with a Cyber Liability Policy. Simply put a Cyber Liability Policy is the best answer. Most notably, but not exclusively, cyber and privacy policies cover a business’ liability for a data breach in which the firm’s customers’ personal information, such as Social Security or credit card numbers, is exposed or stolen by a hacker or other criminal who has gained access to the firm’s electronic network.
We have worked with many business owners and provided plans to cover them from the risk of a cyber attack. These policies provide excellent protection at a minimal annual premium outlay. Assessing and setting up  is cyber Liability protection for the unique needs of your company is easier than you would think. If you would like to discuss protecting your business against a data breach you can e mail me at mfusco@fuscoinsuranceny.com

Posted in Cyber Liability, Cyber liability insurance policy quotes, data breach, Data breach protection, Electronic data protection, Insurance & Financial Planning, Protect your clients data | Leave a comment

Cyber Liability Insurance To Cover Data Breaches Is Becomimg A Must Have Coverage For All Businesses

Cyber threats are real and increasing in numbers everyday. Even big companies like Equifax have been breached. Why can’t your small business suffer the same vulnerability.  O matter how big or small your company is, you can be breached.

Let us give an explanation of what Data Breach is 

A data breach is the intentional or unintentional release of secure or private/confidential information to an untrusted environment. Other terms for this phenomenon include unintentional information disclosure, data leak and also data spill.

This can be from anoutside source or even your own employees. As much time and effort as you put into hiring these employees and nurturing them the chance always exists that they may be tempted to misuse client data.

You can protect your business with a Cyber Liability Policy. Simply put a Cyber Liability Policy is the best answer. Most notably, but not exclusively, cyber and privacy policies cover a business’ liability for a data breach in which the firm’s customers’ personal information, such as Social Security or credit card numbers, is exposed or stolen by a hacker or other criminal who has gained access to the firm’s electronic network.
We have worked with many business owners and provided plans to cover them from the risk of a cyber attack. These policies provide excellent protection at a minimal annual premium outlay. Assessing and setting up  is cyber Liability protection for the unique needs of your company is easier than you would think. If you would like to discuss protecting your business against a data breach you can e mail me at mfusco@fuscoinsuranceny.com

Posted in Cyber Liability, Cyber liability insurance policy quotes, data breach, Data breach protection, Electronic data protection, Insurance & Financial Planning, Protect your clients data | Leave a comment

Cyber Liability Insurance To Cover Data Breaches Is Becomimg A Must Have Coverage For All Businesses

Cyber threats are real and increasing in numbers everyday. Even big companies like Equifax have been breached. Why can’t your small business suffer the same vulnerability.  O matter how big or small your company is, you can be breached.

Let us give an explanation of what Data Breach is 

A data breach is the intentional or unintentional release of secure or private/confidential information to an untrusted environment. Other terms for this phenomenon include unintentional information disclosure, data leak and also data spill.

This can be from anoutside source or even your own employees. As much time and effort as you put into hiring these employees and nurturing them the chance always exists that they may be tempted to misuse client data.

You can protect your business with a Cyber Liability Policy. Simply put a Cyber Liability Policy is the best answer. Most notably, but not exclusively, cyber and privacy policies cover a business’ liability for a data breach in which the firm’s customers’ personal information, such as Social Security or credit card numbers, is exposed or stolen by a hacker or other criminal who has gained access to the firm’s electronic network.
We have worked with many business owners and provided plans to cover them from the risk of a cyber attack. These policies provide excellent protection at a minimal annual premium outlay. Assessing and setting up  is cyber Liability protection for the unique needs of your company is easier than you would think. If you would like to discuss protecting your business against a data breach you can e mail me at mfusco@fuscoinsuranceny.com

Posted in Cyber Liability, Cyber liability insurance policy quotes, data breach, Data breach protection, Electronic data protection, Insurance & Financial Planning, Protect your clients data | Leave a comment