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We Provide Reliable Cyber Liability Insurance

In today’s digital age, businesses are increasingly incurring electronic-related losses due to e-commerce. Whether you are selling products over the internet or collecting customer data, you are vulnerable to breaches or other issues. But Anchor Insurance can help. We offer comprehensive cyber liability insurance policies to customers throughout the country. Our team has extensive experience dealing with cyber crimes and protecting our clients against viruses, phishing, malware, and other threats. Call today to learn how we can help you.

insurance agent with clients

What Is Cyber Liability Insurance?

Cyber liability insurance protects small and large businesses against losses and expenses resulting from data breaches and a range of cyberattacks. Such costs may include notification fees, victims’ credit monitoring, legal defenses, and penalties or fines. Additionally, cyber liability insurance from Anchor Insurance may cover funds transfer losses, computer fraud, and data loss. Our knowledgeable agents will consult with you to gain an understanding of your company’s cyber activity so that we may customize a plan that fits your needs.

Computer screen showing malware or virus alerts

The Most Common Digital Risks

Fraudsters use a bevy of tactics to steal companies’ data and, ultimately, finances. They conceive new ways to breach networks seemingly daily, so it is essential to partner with an insurance provider committed to protecting you and your business. We are aware of all the usual digital threats, and our team endeavors to stay ahead of the curve regarding emerging practices. Among the most common digital risks businesses currently face are:

  • Malware – Cyber predators use malicious software to damage organizations’ servers, networks, or hardware.
  • Phishing – This term describes deliberately using emails or nefarious links to infect a computer system and enable access to sensitive data.
  • Ransomware – This type of malware restricts a computer’s usage until a cybercriminal receives a ransom from its target.
  • Viruses – Criminals can infect multiple computers or devices on a shared network with viruses before gaining access to the system.

Understanding the Protections Cyber Insurance Provides

With so many threats to your network and hardware, you should always have cyber liability insurance in place. It will protect not only you and your business, but also the customers who have entrusted you with their personal information such as credit card numbers and addresses. Our cyber liability policies may include some or all of the following protections:

  • Legal Expenses – Cyber liability insurance covers court costs, settlement fees, and attorney expenses resulting from lawsuits pertaining to breaches of customers’ sensitive information.
  • Damaged Reputation – Data breaches negatively impact a company’s reputation, but our policies can help your business recover from the incident.
  • Income Loss – If you must suspend operations as the result of a cyberattack, insurance can cover your lost revenue.
  • Hired Professionals – A cyber insurance policy will cover the expenses associated with hiring individuals to repair damage to computer systems and security after a cyberattack.

We Will Help Keep You Financially Afloat