At Brown & Brown of Ohio, we understand that your physical possessions are not the only things that need to be protected. That is why we partner with insurance carriers that offer strong Identity Theft Coverage and Cyber Liability Insurance.
While Cyber Liability primarily focuses on the files, information, and data lost due to a cyber breach, Identity Theft Coverage focuses on the costs incurred when restoring your identity. You may have a company monitoring your identity, but if your identity is stolen, many of these companies may not help you with those additional expenses. These types of expenses can include lost wages, the cost required to repair any damage done to your reputation, or anything else that can be directly related to the theft of your identity.
Identity theft can happen in many forms. Here are some examples of what is included in this coverage:
When thinking of data breaches, the typical idea is a large company, with a large mistake, that allowed thousands of people’s information to be stolen. While these instances are prominent in the industry, they are only a small percentage of the cyber attacks happening. Did you know that, on average, there is a cyber attack every 39 seconds? Therefore, it is only a matter of time before it could be you. Even if your information is secure, but you are found to be the reason for the breach, you could be liable. With all of this, can you confidently say you are protected?
There are multiple ways to transfer your risk in preparing for a cyber breach. Therefore, we recommend having a full discussion with an agent to understand the different coverages included within Cyber Liability and what is best for you. Here are some examples of these coverages: