In this digital day and age, your business likely maintains and stores a great deal of client, employee, financial and other information electronically. KORE Insurance Holdings offers cyber insurance to protect your business from liability exposure related to your valuable electronic information. We are committed to protecting your business from risk – whatever it takes.
Understanding Cyber Insurance
The technology that powers everything we do is changing at lightning speed and becoming more sophisticated. KORE’s knowledge of cyber insurance protection has maintained a sophisticated edge for their clients. It can help your business recover in the event that cybercriminals breach your network. Coverage is also designed to be there for you if an employee’s unencrypted laptop, tablet or smartphone is lost or stolen, or if an employee unwittingly lets a virus onto the company’s network.
Many business owners are surprised to learn that their commercial general liability policies exclude losses due to cybercrime. Where liability policies end, KORE’s cyber insurance starts. Policies may cover losses associated with theft, hacking, extortion, denial of service attacks and data destruction. Cyber insurance policies also generally include liability to protect businesses, indemnifying them for failing to safeguard customer or employee data or defamation (media liability).
Whether a loss is due to a network security failure, a breach of physical records or human error, media liability or an error of omission in the performance of your services, cyber insurance can provide liability protection.
When a data breach or a security failure occurs, KORE’s cyber insurance offerings can cover costs related to:
- Investigating the attack or breach
- Expenses related to meeting legal notification requirements to states and/or other entities
- Public relations costs and business interruption insurance (loss of profits and extra expenses)
Cyber insurance policies can also cover the costs of defending your business against lawsuits, settlements and damages, regulatory penalties, fines and more.
While the business opportunities and improved proficiency that the internet has brought are plentiful, so are the risks. KORE provides cyber insurance solutions designed to limit your risk and liability, helping you stay focused on the long-term success of your business.