TL;DR: Data-heavy companies face increased risks from cyber threats and data breaches. This article discusses essential insurance options for such businesses:
1. Cyber Liability Insurance: Protects against cyber-related losses.
2. Tech E&O Insurance: Safeguards against tech-related claims.
3. Data Breach Response Coverage: Covers costs after data breaches.
4. Media Liability Insurance: Addresses media-related claims.
5. Business Interruption Insurance: Helps during cyber incidents.
6. Ransomware and Extortion Coverage: Covers ransomware costs.
7. Electronic Theft Coverage: Protects against electronic theft.
8. Data Recovery Coverage: Restores lost data and systems.
Insurance is vital for data-heavy firms in the digital age to mitigate risks. More