Cyber Insurance Savings Every Accountant Needs Today
Cyber insurance policies typically include several key components:
- Data Breach Coverage: Covers the costs associated with notifying affected clients, credit monitoring services, and legal fees.
- Business Interruption Coverage: Compensates for lost income and additional expenses incurred due to a cyber incident.
- Cyber Extortion Coverage: Provides funds to respond to ransomware attacks and other extortion threats.
- Network Security Liability: Covers legal fees and damages if your systems inadvertently cause harm to a third party.
