Insurance Absorbs the Costs of a Data Breach
Your business likely stores personal, financial, or personal health-related information (PHI)—on paper, online, or both. Even with strong security protocols in place, cybercriminals, lost laptops, or simple human error can lead to costly data exposure.
Data breach insurance from Professional Solutions helps small businesses recover from cyberattacks, lost or stolen data, and privacy breaches. While general liability policies often exclude cyber incidents, data breach insurance is specifically designed to cover the gaps. It protects your business from financial loss due to data theft, ransomware, hacking, and accidental disclosure of sensitive information.
Why Data Breach Insurance is Important for Your Business
Data breach insurance is built to support your recovery after an incident. Most policies cover costs such as notifying affected individuals, restoring lost data, and providing credit monitoring to impacted customers. It can also include legal defense, settlements, and civil judgments tied to the breach.
Additionally, many plans include crisis management support to help preserve your brand’s reputation, as well as income loss reimbursement for business downtime during the recovery process. With a strong policy in place, you can act quickly and responsibly—without exhausting your resources.
Common Ways Data Is Compromised
Every business is different, which is why we offer customizable options that expand your protection. Depending on your industry, you may want to add:
- Dumpster diving
- Network hacking
- Paper records that are stolen or disposed of improperly
- Portable media that is lost or stolen
- Rogue employees
- Virus attacks or malware
- Data ransomware events
Which Businesses Need Data Breach Insurance
If your business collects or stores personal, medical, or financial information, you’re at risk. That includes small business owners, healthcare professionals, consultants, and service providers. A breach, no matter the size of your business, can result in lawsuits, compliance violations, and permanent damage to your reputation.
Data breach insurance is a smart investment for any business or professionals who handle sensitive or regulated data.
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Data Breach Insurance FAQs
What’s the difference between data breach and cyber liability insurance?
Data breach insurance typically covers first-party costs like notifications, credit monitoring, and crisis response. Cyber liability policies may also include third-party claims and broader digital risks.
Is this coverage required by law?
While not mandatory, most states require businesses to notify individuals affected by a breach. This policy helps cover those legally required notifications and other compliance needs.
Does the policy cover physical records as well as digital data?
Yes. Whether it’s a stolen hard drive or improperly discarded paperwork, data breach insurance is designed to respond to both digital and paper-based information loss.
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Partner with Professional Solutions for Peace of Mind
Professional Solutions brings industry-specific knowledge to the coverage you need. Our data breach insurance is tailored to small and mid-sized businesses, providing protection that fits your risks and your budget.
We stand out for our hands-on support during incidents, transparent policy terms, and competitive rates. More than just an insurance provider, we help protect the integrity of your business and the trust of your clients.
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