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Avoid the Internet Plague

Most businesses that store customer data have an exposure to privacy liability. Cyber and privacy liability are now a necessity and should be a key component within the overall insurance portfolio for each client. Catch up with security risks and guard your clients against...

By David A. Derigiotis | Updated on April 24, 2012
Cyber and privacy liability or data breach coverage can be compared to any new, innovative tech product that lands on retail store shelves these days. Initially, the gadget is costly and unequipped with many of the enhancements made to the later models. Then, as time progresses, it gets refined and affordable.

The same is true with specialty insurance. Today’s cyber and privacy liability policy looks nothing like the models that rolled out in the 1990s and it costs a fraction of the price. 

A business owner in 2012 can purchase a full, robust policy form that encompasses third party, first party and media liability coverages for under $1,000. This was unfathomable just a couple of years ago. 

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