When I was opening up my newest business I knew that I was going to lean on a computer system at my shop to keep it running smoothly and at top output! Due to this, I also knew that I should invest in some sort of cybersecurity type insurance when insuring the rest of my business since it was just as important to have computer and internet access as it would be for me to have running water at my shop as well!
Cyber liability insurance covers the cost for a business to recover from a data breach, virus, or other cyberattack, it also covers legal claims resulting from the breach! Since I would have client information as well as a point-of-sale terminal connected to the internet it was a necessity rather than a luxury at this point! I asked my agent to add it to my coverage, I was asked a few questions about my business, and I was given a new quote to which I agreed to—very simple and easy!
The costs cant vary, but in the long run it will be very useful since we are embarking into a new age of the internet! But always remember that a good defense starts with you— keep yourself safe through always practicing safe computer usage and make sure all systems are fully updated, no matter what!