Data Breach & Cyber Liability Insurance in Concord, CA, Novato, CA and Surround Areas
Protecting Businesses in Concord and Throughout California
Insurance coverage for privacy, data breach, and the more traditional risks of cyber liability has been growning. Over the past five years, this niche has progressed from a specialty product into a coverage that is readily quoted and obtained.
Data Breaches: Caused by Human Error
A data breach is classified as one of two occurences. The first is the unintentional release of sensitive information into an unsecure environment. The second involves the intentional theft of that information by an unauthorized individual. Data breaches may involve more than what one might originally expect. Release of financial information such as credit card or financial account details, personal health information (PHI), personally identifiable information (PII), trade secrets or intellectual property all count as a data breach. The party responsible for protecting privileged information may be subject to criminal and/or civil penalties for failure to do so.
If you feel your personal information has been breached, find advice here.
Why do I need Cyber Liability Insurance?
Designing a web site is an exciting prospect. The exposures and risks that come with it aren’t. Private companies that function in the internet marketplace face liability exposures that are , changing, and intricate.Traditional liability policies do not address data exposures and the risks involved with running an internet business or managing e-commerce.
When a company operates in today's high tech world, cyber liability & data breach protection is a necessity. For example, a typical computer network will more than likely provide internal and external email. Companies will probably have web sites providing information about your company, its products and services, and how customers can obtain said products.
Cyber liability insurance addresses the first and third-party risks associated with the above types of e-commerce, the internet, and informational assets. Cyber liability insurance offers protection of internet communication's inherent risk exposures. These risks include infringement of intellectual property, virus transmissions, or any other serious trouble that may be passed from first to third parties via the web.
The ease of worldwide communication brought by the internet is accompanied by a developiong list of liability exposures. For example, by distributing information to the public online, commercial businesses are now subjecting themselves to some of the same exposures experienced by literary pulishers. Copyright infringement, defamation, invasion of privacy, and other traditional publishing exposures have become more prevalent in the digital world we all use for shopping, communicating, and even simple driving directions. Many businessowners develop websites and are unaware of the legal responsibilities that come with maintaining a web presence, especially in the areas of user privacy and domain name infringement.
Contact a professional at Hindsight Insurance Services and let us help protect you as you maneuver through the perilous and often confusing realm of cyber security.