4 Reasons Why Business Cyber Insurance Is Needed Now More Than Ever
Did you know?
With cyber insurance increasingly becoming “vital to most countries’ economic health,” this coverage is set to become mandatory in future.
Given the growing sophistication and increased frequency of cyberattacks on businesses across the globe, cyber insurance will become as essential as worker’s compensation – which is a required insurance purchase for almost all businesses in North America.
Four main reasons why cyber insurance may become a required purchase for businesses of all sizes:
1. Cyber insurance is core to building a digitally resilient, healthy business sector, which is vital to most countries’ economic health
2. Governments are setting the climate for cyber insurance to shield businesses from the “Privacy Revolution.”
3. The ‘dark forces’ behind ransomware attacks will fade away.
4. Cyber insurance eligibility requirements will raise the bar on business performance
What’s the best cyber insurance policy for you?
Talk to an expert LIG Broker today about coverage solutions offered that best suit your business’ unique needs.