NJ Small Businesses Need Cyber Liability Insurance

NJ Cyber Liability Insurance | Bergen County NJ Business Insurance 

NJ Cyber Liability Insurance

By now it is doubtful there is anyone, especially anyone in business that is not aware of the threats business face to online security breaches. Companies as large as Amazon, Spotify and Netflix have all been hacked recently, and for small businesses the danger is not any less. In fact, hackers look at small business as a prime target due to their generally lower security standards and the ability for hackers to get into systems using your personal devices! That is why small businesses in Bergen County and beyond need NJ cyber liability insurance.

Bogle Agency Insurance Provides Cyber Liability Insurance in NJ

Cyber insurance is a very important and highly overlooked protection for small businesses. In addition to antivirus, antispyware and firewall protection, cyber insurance will cover you when these just are not good enough protection. A general business liability policy will not help you recoup losses or legal fees that come from a data breach. You need separate coverage to protect yourself and your business from these damages.

It is easy to assume that these types of policies are only necessary for large companies. However many insurance carriers now offer tailor-made cyber coverage for small businesses, offering them the protection they need that fits their budget.

There are different coverage levels to each type of policy and this includes cyber liability insurance. There are first party policies that will cover general costs of a breach that include legal expense, PR campaigns to help recover, business interruption and costs of notifying customers. Third party coverage will protect you if you are at the center of the breach and sensitive information has been stolen from you directly. Third party coverage will cover fees if you are sued.

Talk to us at Bogle Agency Insurance today to talk about cyber liability insurance and all of your business insurance and personal insurance needs in NJ. We have been in business for nearly 100 years and have always stayed up to date with the needs of our customers. We have seen the need for cyber liability insurance grow dramatically the last few years. Don’t wait until it’s too late!

While the need for cyber liability Insurance can’t be understated, there are steps you can take on your own to avoid cyber security breaches.

Remember these tip to keep your business safe online in NJ

  • Keep antivirus software up to date.
  • Educate your employees.
  • Set company security policies.
  • Prepare an incident response plan.