Secure Data Centers Smartly With Tailored Insurance Solutions
Types of Insurance Coverage for Data Centers
Data centers require a comprehensive approach to insurance due to their complex nature. Here are the primary types of insurance coverage to consider:
- Property Insurance: This covers physical damage to the data center building and equipment due to events like fires, floods, or vandalism. It's crucial for protecting the tangible assets of your facility.
- Cyber Liability Insurance: With the increasing threat of cyber attacks, this insurance is essential. It covers the costs related to data breaches, including notification expenses, legal fees, and compensation for affected parties.
- Business Interruption Insurance: This type of coverage compensates for lost income and operating expenses if your data center operations are disrupted by an insured event.
- Equipment Breakdown Insurance: Also known as boiler and machinery insurance, it covers the repair or replacement of essential equipment that fails due to mechanical or electrical breakdowns.