CNC Insurance Delaware Business Insurance Update - "Cyber liability Coverage"

Cyber liability coverage is normally addressed to cover risks from computer systems or computer networks. This coverage will also apply when outsourcing to a cloud server, which assumes practically no liability when you use the service. Today, 99.9% of data or information is stored digitally. While it does save tremendously on strorage space, it poses a high risk. This risk is cyber attack. Such an attack occured to the website Godaddy.com in 2012, and to Sony in 2011. As cases such as these become more frequent, modifications to cyber libility policies will most likely take place. It's a wait and see senario but one we should all be aware of. Well, until next time, be careful out there and know your risks.

G. Kevin Nemith
President, CNC Insurance

Proudly, serving Delaware, Maryland, Virginia, Pennsylvania, and New Jersey.

www.cncinsurance.com
www.bizinsurancetv.com

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