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Gilbert AZ Cyber Liability Insurance – Security/Data Breach Coverage Launched

Insurance Brokers of Arizona in Gilbert announces its cyber liability insurance policies. The policies protect businesses from various cyber threats and cover losses from a security breach.

More details can be found at https://insurancebrokersofaz.com/cyber-liability-insurance

The newly updated insurance options feature several new provisions so that business owners can protect their sensitive information and find peace of mind that their assets are financially protected. According to the Insurance Brokers of Arizona, it has become particularly important during this time that business owners purchase cyber insurance.

New data shows that the threat of cybercrime has increased due to more people transacting their businesses online. To adapt to this phenomenon, Insurance Brokers of Arizona offers coverages for network and informational security liability, regulatory defense expenses, and funds transfer fraud, among others.

Still, the agency notes that there is no “one-size-fits-all” policy for companies. Each business is unique, and the group tailor fits its coverages for every client. This is why they ask potential customers to schedule an initial assessment with them first so they can determine the best policy for them.

All cyber insurance policies cover data breaches. Based on the latest financial reports, more than 50% of small businesses have experienced some form of a security breach. Experts note that a data breach can not only affect business operations but damage the reputation of a company. Customers are less likely to use the services of a business that has low cybersecurity.

A cyber insurance policy can mitigate these risks and protect business owners from financial loss. Clients are reminded that cybercrimes are usually not covered in general liability insurance, which more businesses are required to have.

A spokesperson for the company said, “Most businesses today face a threat of data breach, computer hacking, or a stolen smartphone containing sensitive information. As a business owner, it is important that you not only understand your risks but protect your business from this threat with an insurance policy designed to provide a combination of coverage options.”

Interested parties can find more information by visiting https://insurancebrokersofaz.com/cyber-liability-insurance

Insurance Brokers of Arizona
Insurance Brokers of Arizona
https://www.insurancebrokersofaz.com
theteam@iboaz.com
+1-480-812-1998
690 E Warner Rd
Suite 108
Gilbert
United States

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bengaluru Bytes journalist was involved in the writing and production of this article.