The financial implications for a law firm or sole practitioner affected by a data breach can be devastating. In fact, studies show that 60 percent of small businesses go out of business within six months of experiencing a data breach.* The best way to prevent becoming a part of this sobering statistic is to protect your business by having the correct insurance coverage in place.
This Cyber Liability and Data Breach Insurance program provides small businesses and independent contractors with the necessary insurance coverage to help guard against the financial burden created by a data breach. The Cyber and Data Breach Insurance plan provides insurance protection for both First and Third-Party Expenses.
*Source Verizon Data Breach Investigations Report
Claims – i.e. damages and claim expenses – for: