If your Bay Area business uses a computer to store or process personal and\/or commercial information, you’ll want to seriously consider purchasing a cyber insurance policy. Thousands of hacks occur each day, and even a single breach could cost your business tens of thousands of dollars. Learn more from the professionals at Wai Cheng Insurance Inc., serving the Bay Area, CA.<\/p>\n
First-party cyber insurance covers your business after a cyberattack. It provides business interruption insurance if you need to shut down operations to deal with the aftermath of a breach. It covers the cost of paying a ransom in the event of a ransomware attack. It also covers the cost of data recovery, assessing how the breach occurred, and taking preventative measures to prevent future attacks.<\/p>\n
Third-party cyber insurance covers legal costs and liability if a third party affected by the breach takes you to court to claim compensation. It covers the cost of paying fines for lack of compliance with GDPR, HIPAA, and CCPA regulations. <\/p>\n
It’s a good idea to carry both first-party and third-party cyber insurance. You can also purchase umbrella insurance to add additional liability coverage to your third-party cyber insurance policy. Not all businesses need umbrella coverage, but companies that could be held liable for huge sums of money in the event of a breach will want the additional coverage. <\/p>\n
Wai Cheng Insurance Inc. is a Bay Area, CA-based insurance agency that specializes in providing multiple commercial insurance policy options to meet the needs of Bay Area businesses of all sizes and in all industries. Give us a call, and we’ll provide you with policy quotes and expert help in reviewing policy options to pick the best forms of coverage.<\/p>\n","protected":false},"excerpt":{"rendered":"
If your Bay Area business uses a computer to store or process personal and\/or commercial information, you’ll want to seriously consider purchasing a cyber insurance policy. Thousands of hacks occur each day, and even a single breach could cost your business tens of thousands of dollars. Learn more from the professionals at Wai Cheng Insurance […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15,18,21,17,6],"class_list":["post-118","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","tag-bay-area","tag-ca","tag-commercial","tag-insurance","tag-wai-cheng-insurance-inc"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/posts\/118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/comments?post=118"}],"version-history":[{"count":1,"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/posts\/118\/revisions"}],"predecessor-version":[{"id":119,"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/posts\/118\/revisions\/119"}],"wp:attachment":[{"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/media?parent=118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/categories?post=118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wciagency.com\/blog\/wp-json\/wp\/v2\/tags?post=118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}