Cyber Liability

Protect your business from the liabilities associated with IT errors and cyber crimes.

As technology grows, progresses, and becomes increasingly pivotal to our businesses, the risk of data loss, data breaches, and other cyber crimes grows. Cyber Insurance protects you from loss having to do with information technology. Recent precedent for issues of this sort includes major fines and legal fees — not to mention immense headaches, exposure for customers, and lost opportunity. Recently, an alarming number of large and capable companies across industries have fallen victim to major cyber crimes, resulting in billions of dollars in damages.

Perhaps surprisingly, it’s not just the largest organizations that are being targeted. Small businesses tend to be easier targets for hackers, due to less vigilance, and less-sophisticated security features. Such events can damage more than your computer systems; they affect everything your company’s systems control, in addition to your reputation and the customers on which you depend.

Cyber insurance can be a smart precaution for any business.

What is cyber insurance?

Cyber insurance generally covers your business’ liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver license numbers, and health records.

Won’t my general liability policy cover cyber liability?

General liability insurance covers bodily injuries and property damage resulting from your products, services, or operations. Cyber insurance is often excluded from a general liability policy. 

What does cyber insurance cover?

Besides legal fees and expenses, cyber insurance typically helps with:

Most states require companies to notify customers of a data breach involving personally identifiable information — a process that can be very time-and-cost-intensive. Even though most states don’t require companies to offer free credit monitoring following a breach, offering such remedial measures to customers is likely a market demand.

Get started with a Cyber Insurance Policy

Let Carroll Insurance be your trusted advisor in getting you covered for cyber-related losses. Our advisors are ready to help you navigate through the noise, and find a common-sense policy that is appropriate for your situation and budget.