How to know if you need Cyber Liability Insurance
There are multiple circumstances that, even when you’ve taken precautionary measures to ensure safety and security, can put you at risk for breaches that cause damage not only to your organization but to all parties involved. As the exchange of information, both online and in real time, is part of operating any organization, so too are the potential ways that information can be mishandled.
At Beacon Insurance Agency, we know how crucial it is to have policies in place to mitigate the risks involved in the informational exchanges that transpire every day at churches, non-profit organizations and private schools. We offer insurance plans tailored to the very special needs of these service-minded organizations and protect them in the event of security breaches.
Most critical cyber risk policies offer coverage for expenses including:
· Third party liability such as computer viruses spread through email, breaches of personal information and breaches of financial information
· Losses that have been incurred by the insured party in the course of identifying the causes of breaches and preventing them in the future
Dot Com Dangers
Cyber breaches are expensive, not only in the initial damage that they cause, but also in the aftermath. Costs include investigations, notifications, legal fees, fines and penalties, and even the great cost that comes to your reputation as an organization.
More and more churches, non-profits and private schools conduct business online. Whether that business includes accepting moneys such as tithes, offerings, donations or tuitions, or in collecting sensitive personal information such as Social Security numbers for background checks, each and every one of these highly sensitive situations increases the risk of a security breach. At Beacon Insurance we offer policies needed to ensure that you have coverage in place to protect you in the event that a claim is made.
We offer coverage through Insuretrust, a nationally recognized broker specializing in handling cyber liability risks. In tailoring a policy, we consider the many ways you may be at risk asking such questions as:
· Do you accept donations/tithes/offerings/tuition online?
· Do you collect sensitive personal information such as Social Security numbers and health information?
· Do you conduct background checks?
· Do you maintain a website that could be hacked and used improperly?
· Do you use electronic methods of communication such as email?
We know the world is constantly changing and the quickly moving technology serving that world can be mishandled. And despite the selfless service you seek to offer as a church, non-profit or private school, there are dangers to your mission that need to be protected. In offering cyber liability insurance, we make it our own mission to further your goals and provide you peace of mind in serving the world around you.
Get technical about your need for protection! Call Beacon Insurance Agency of Pace, Inc., to schedule a consultation and learn more about the cyber liability insurance policies we offer today!