The need for cyber insurance is growing as more problems arise with the use of technology in business. Businesses are being hacked, data breaches are occurring what seems like daily, and more businesses are using social media and blogging platforms which present additional risks.
Each risks presents its own possible problems. An employee could accidently post an obscene racist joke from a company account. If hacked, a data breach could occur costing hundred per account record. If you rely on online sales a hacker could shut down your website causing you to lose your revenue. Anyone in your business could unknowingly send a virus to a client or another business making you liable for the damages.
Many things can happen within the cyber world and the most important thing for you to know is that no other policy will cover these risks.