When you think about what usually causes a business interruption, natural disasters such as fires, earthquakes and floods probably come to mind first. These events can physically damage your property and equipment, making your workspace unusable for a time. While natural disasters are still the main reason for an interruption, another cause is quickly moving up the ranks: cyber attacks. As businesses continue to rely on computers and digital storage of essential data, cyber attacks will continue to be a potential exposure.
A common saying in the cyber security world is, “It’s not if you’ll be a victim of a data breach, but when.” How can you check that your business has minimal exposure? The below Cyber Risk Exposure Scorecard indicates your exposure levels.
Remember traditional commercial general liability (CGL) policies will not cover business interruption, liability losses or criminal breaches due to a cyber event. Luckily, cyber liability coverages can fill that void.
Contact The Shropshire Agency today so we can help protect your business from the financial impact of a cyber breach.