What Does a Cyber Liability Policy Cover?

The enhanced accessibility of electronic data storage has created new opportunities for businesses to digitize processes and streamline efficiency from top to bottom. While cloud computing has revolutionized the way firms store and apply data, these advancements also come with their own risks. Cybercrime has emerged as a major threat to every company’s proprietary information,…

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Errors and Omissions Coverage: What Is It & How Does it Work?

Each and every project or professional relationship begins with a vision of perfection and mutually beneficial symbiotic bliss by both client and provider. However, then realities set in. Hardships arise and, more often than not, both parties are happy if the resulting product even comes close to the dream imagined at the start. Errors and…

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What Is the Average Cost of Cyber Liability Insurance?

The digital age has paved the way for astounding innovation and—as with most emerging technologies—has created new vulnerabilities for people and businesses. And in the case of cyber liability insurance coverage, we’re talking specifically about data breaches. Today, the average data breach costs $3.86 million. Additionally, you might be surprised to discover that 58% of…

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Who Needs Errors and Omissions Coverage?

To determine who might need it, Errors and Omissions (E&O) insurance should first be defined. Simply put, E&O specifically provides coverage for any errors or omissions made while rendering professional services. E&O protects you against clients’ claims of financial harm as a result of your company’s actions while performing your service. You may think that…

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