Data breaches happen every day, and the costs associated with a compromise of confidential data add up quickly and are a real business risk worth considering today. At Griffin, we represent several carriers, some with very innovative underwriting approaches, risk assessments, and ongoing risk management to help your clients protect against cyber risk.
Can cover liability and first-party coverages
Cyber risk assessments may be available
Hacking incidents are the most recognizable & expensive cause of data loss but are not the most common:
Average cost of incident per customer is over $200. Costs may include:
Most businesses have the legal duty to notify clients or patients in the event of a data breach. High risk businesses include: