If you are looking for a way to keep your client’s information secure, then it might be time to consider getting Pearland TX Cyber Security Insurance. Simply put, this type of insurance can protect your business from lawsuits if a data breach occurs and information is stolen.
There are many insurance agencies you can go to for the purchase of cybersecurity insurance. However, it is important to do research and make sure those companies know and can explain the benefits of this type of insurance.
In short, if you want a team of insurance agents that are among the best and most trustworthy in the business, give Texas Insurance Agency a call. At Texas Insurance Agency, we believe protecting one’s business is of the utmost importance.
As a result, we strive to provide every client with reliable and accurate information that you can use to protect your assets and the company that you have worked hard to build. Keep reading to learn more about cybersecurity insurance and how it can protect your business!
What is Cyber Security Insurance?
In the digital age, businesses are more vulnerable than ever to cyber-attacks and threats. Every day, companies collect personal data and information from millions of clients all over the world. In fact, the instant someone applies for a credit card, makes an online purchase, or completes their taxes online; they are vulnerable to cyber-criminals.
So, as a business owner, how do you protect your company from the repercussions of a cyber attack, especially if data is stolen? The answer is cybersecurity insurance.
Also referred to as cyber liability insurance, this type of coverage protects you from lawsuits in the event that your data files are hacked and stolen. Whether you are a large or small business, if you frequently collect sensitive information, it is important to consider what Cybersecurity insurance can do for you.
Things to Know:
Cybersecurity insurance is meant to protect your company from the consequences of a cyberattack that comes from an outside threat. As a result, most plans will exclude those attacks that come from irresponsible or malicious employees.
For instance, let’s say an employee accidentally emails personal information to someone through an unsecured network, and an unknown source steals that information. When the theft is traced back to the employee’s mishandling of information, a claim will likely be denied.
An example of a malicious attack would be when an employee sells clients’ information, trade secrets, or intellectual property. Where your basic business insurance policy may have these exclusions, it is possible that cybersecurity insurance can bridge that gap with coverage. Speak with your Texas Insurance agent today to learn if this is possible!
Preventing Cyber Attacks
A cyber attack can damage the reputation and income of a business. However, there are ways to prevent, or at least recognize, these threats.
One such way is to conduct a thorough cyber risk assessment. Doing so helps you identify weak points in your information system that might result in attacks and theft of sensitive information. There are many key questions you can ask about the risk your company faces:
- What would the impact of a cyber breach be, and how would it affect the businesses’ ability to function?
- What type of threats might our company face?
- How can we chance specific vulnerabilities to protect the company’s data?
If yours is a tech-based company, chances are you have a team of professional IT personnel that can perform a risk assessment. Occasionally, companies will have to hire outside sources to conduct the assessment.
However, if you choose a reputable company, you can get the most out of this service. Generally, a risk assessment should identify potential threats and help you come up with an action plan to avoid breaches in security.
Bridge the Gaps in Coverage
As stated previously, commercial insurance will often provide coverage of specific cybersecurity events. However, there will likely be gaps in coverage.
If you own or work for a company that handles sensitive information and relies heavily on well-functioning and tech-based information, then you might want to consider cybersecurity insurance.
The Benefits of Having Cyber Security Insurance
Taking preventative measures like installing firewalls and anti-virus software used to be enough to protect tech systems from outside threats. However, in the modern digital age, cyber-criminals have become smarter and are able to create attacks that can maneuver around even the most sophisticated software.
Know the Law
Some governments will require companies to follow the rules and regulations when it comes to the use and protection of sensitive data. Companies that deal with vital records and data need to take extra steps to protect their information systems from hackers.
In fact, the European Union (EU) recently enacted a General Data Protection Regulation law. When businesses meet certain qualifications, the EU requires them to hire a Data Protection Officer. The DPO’s focus is on detecting and intercepting cyberattacks before they happen.
Pearland TX Cyber Security Insurance
Do you need a reliable and trustworthy insurance team on your side? If so, don’t hesitate to call the professional agents at Texas Insurance Company. Our team has years of combined experience dealing with commercial business insurance policies of all types.
Furthermore, you will feel a sense of satisfaction and security when you partner with our team. Doing so means you are working hard to secure your business against specific events that could harm it. Outside of cybersecurity insurance, our team deals in many other types of business insurance policies.
For instance, here are a few other services we offer:
- commercial auto insurance
- harbor insurance
- trucking insurance
- crop insurance
- small business insurance
- equine insurance
- general contractor insurance
If you want to learn more about the services that Texas Insurance Agency offers, visit our website! You can also read our blog or learn more about our company. Contact our team members over the phone to get your quote or schedule an in-person visit.
For a Pearland TX Cyber Security Insurance policy, you can count on, call Texas Insurance Agency.
Pearland, TX Fun Facts:
- Pearland was founded in the late 19th Century.
- In 1934, Pearland residents struck oil.
- This city gets its name from the pear trees that residents grow.
- For more information about Pearland, TX, visit the city’s website!