Cyber/Privacy Liability & Data Breach Insurance
Protect your business with data breach insurance. Any business can face the risk of a confidential information breach. Whether your company maintains customer credit card information, classified manufacturing specifications or individual health records of employees or patients; your data can be compromised. One of the most common sources of data breaches is simply human error — with cyberattacks and theft also driving major claims.
For example, an employee facing looming termination transferred confidential information to a personal email account. This employee was responsible for breaching the personally identifiable information of more than 2,400 individuals. To further complicate breaches such as this, the organization is required by federal law to notify each “breached” individual in accordance with the laws of the individual’s state of residence.
Contact a TGA business insurance specialist