Making sure that the data your company deals with on a day to day basis is secured is a fundamental part of doing business. But what happens when that data falls under attack? What will happen if your data is compromised? If you have data breach insurance coverage, it will kick in and pay for any immediate response measures, as well as possible damages to your customers. Here is how you can get this type of insurance.
Contact Insurance Broker
The first step is to contact your insurance agent, the one you currently get your insurance from, and ask if they provide this type of coverage. If they do, you can have it added it to your policy very simply. Then, your search is over. If they don’t offer this type of insurance, your quest gets a bit more complicated. You will need to find an insurance agent in your area who does provide this coverage and contact them for a quote. They will take you through the risk management and risk assessment process and decide if your company is insurable and for what price.
Once your quote has been given, you will need to officially apply for your insurance coverage. Depending on the company, this can be a simple process or a lengthy one. At this point, you will also need to decide if you want to switch over all you insurance coverage to the company offering data breach coverage. This can be a great idea, as companies often offer discount on bundled coverage.
It’s just that simple to get the data breach insurance coverage that you need. Contact your local insurance agent to get started today.