With the increasing role technology plays in modern businesses, it is essential to consider the impact of data breaches, data loss and other cyberattacks on your operations and clients. Securing the right cyber insurance coverage can provide crucial financial assistance in these situations. 

The knowledgeable agents at Tanenbaum Harber of Florida are ready to help you get the policy you need. Contact us today for more information. 

What Is Cyber Insurance? 
Cyber insurance may also be known as cyber liability insurance or cyber security insurance. It can help mitigate the damages after a data breach, accidental information release, ransomware attack or other cyber security or data loss incident.  

Cyber insurance can supplement your other business insurance policies, and it may provide financial assistance to: 

• Notify affected clients about the data breach. 
  
• Cover lost income that resulted from the cyber security event. 
  
• Pay for credit monitoring for the impacted customers.  
  
• Investigate and identify the cause of the cyberattack. 
  
• Retrieve or restore lost data. 
  
• Pay for cyber-extortion-related expenses. 
  
• Repair reputational damage to your business. 
  

Additionally, cyber insurance may provide coverage for legal expenses (e.g., defense costs, settlements and judgments) that arise from third-party lawsuits surrounding cyber security incidents. Your agent can provide more details on policy terms, limits and exclusions. 

How Much Does Cyber Insurance Cost? 
The cost of cyber insurance is based on numerous factors, including:  

• The amount and type of sensitive information your business stores. 
  
• The size and location of your business.  
  
• Your business’s claims history. 
  
• The scope of your operations. 
  
• The terms and limits of your policy. 

Other factors could impact premiums. Reach out to a Tanenbaum Harber of Florida agent for more information or a quote. 

How To Get Cyber Insurance 
Even with the latest cyber security systems, data breaches and cyberattacks can happen to businesses of all sizes. Our team at Tanenbaum Harber of Florida can help you secure the optimal cyber insurance policy. Reach out to us today to get started.