The internet has made the world accessible and enabled information to be shared at lightning speed, but it also gives rise to innumerable threats and risks that few but technology experts understand. These threats are real but often are mismanaged by small and medium sized companies. Stories of companies being hacked or information being stolen are commonplace. Making sure that your data is safe and secure is critical for operating any business.
Public perception of how companies respond when an information breach occurs and clients' personal information is stolen or exposed can make or break a business. These unique risks require unique coverage. Most general commercial liability policies often contain exclusions relating to cyber and information privacy risks that businesses simply cannot rely on and therefore leaves them exposed or uninsured.Businesses need liability coverage that specifically addresses today's internet age risks. ABS can make sure that these risks are addressed properly should such a disaster occur with Privacy and Cyber suite protection.