Protect Your Business From Cyberattacks By Taking Cyber Insurance
Posted by johnhrq on September 27th, 2019
Today every business using computers and dependent on the internet is vulnerable to cyberattacks.
What is a cyberattack?
How big can be the loss from a cyberattack?
Is my business liable in case of a cyberattack?
Against which losses can I protect my business from cyber attacks?
Below are the risks that you can cover with cyber insurance:
- Loss arising from a virus in your computer system that locks you out, erases your data or results in ransomware. Ransomeware keeps you logged out until you pay a certain amount of money.
Business insurance and cyber insurance are two different types of insurance covers. Business insurance in Canada does not cover the losses arising from cyberattacks. Business insurance covers your 3rd party liability which means for examples, if your customer got injured, or had bodily injury or damage to their property from your business, then you could be sued. Therefore, it is worthwhile to buy cyber insurance.
Does cyber insurance cover the cost of lost revenue if my business is impacted by a cyberattack and I am unable to use my computer?
Such a damage is covered by business interruption insurance, that can be added in a business insurance policy. However, some cyber insurance policies do cover damages due to business interruption.
What sort of business insurance cover in Canada should I take to make sure I cover my main exposure?
The best way is to engage a commercial insurance expert such as Beneficial Insuranc Solutions based in Calgary, AB. They will understand your needs and propose a customised cover that that is fit for you and easy on your pocket.
Are there any best practices to protect my business from cyber attacks?
- Never click on links unless they are legitimate.
About the Authorjohnhrq
Joined: June 5th, 2017
Articles Posted: 558
KuCoin | Cryptocurrency Exchange | Buy & Sell Bitcoin, Ethereum, and more
KuCoin is the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more. KuCoin also provide Excellent Support, Maker & Taker Transaction Fees, Open API
Earn Crypto with Stakecube
StakeCube is the predominant crypto ecosystem originally launched in June 2018 as PoS Pool and has since grown to service over 50,000 Users and supporting 55+ different crypto assets with unique features across 10+ apps, like an integrated Exchange, maste
CryptoTab Browser - Easy way for Bitcoin Mining | CryptoTab Browser
CryptoTab Browser is the world's first web browser with built-in mining features. Familiar Chrome user interface is perfectly combined with extremely fast mining speed. Mine and browse at the same time!
Coin Farm - online farm with money withdrawal
Coin Farm - online investment game with real money withdrawal. Buy birds, sell eggs for real money. Your passive income is here.
Download The App - Celsius
Buy, Earn & Borrow on the Blockchain. Celsius Network lets you buy coins, earn interest on your crypto and borrow against it.
CryptoSlots: $1,000,000 Jackpot & Provably Fair Games
Provably Fair games, exciting wins, huge bonuses. ★CryptoSlots★ is your crypto casino of choice. Sign up in seconds to start winning!