What Does Cyber Insurance For Businesses NOT Cover? Exclusion Information Inside

Aug 22, 2022

Are you looking to protect your business with a cyber insurance policy? Do you want to know about any exclusions to ensure you are prepared for the fallout of a cyber attack? Insurance Brokers of Arizona (480-812-1998) have you covered with their latest video!

What Does Cyber Insurance For Businesses NOT Cover? Exclusion Information Inside

If you want to protect your business and finances from the risk of cyberattacks, it’s crucial you have a cyber insurance policy in place. However, you need to know what the policies don’t cover, so there are no unexpected costs during the recovery period. That’s why Insurance Brokers of Arizona has released a video on cyber insurance exclusions.

The informative video explains how, despite being robust, a cyber insurance policy doesn’t cover areas such as your business’s future profit losses or system upgrades following an attack.

Visit https://youtu.be/YRuvGuvdXO4 for more information.

By providing this transparent view of what cyber insurance covers, the recent video makes it easier for you to appreciate the importance of having cyber insurance, while also allowing you to be aware of what isn’t covered should your business fall victim to a cyber attack.

As businesses continue to turn towards online remote working and digital-based systems, the threat of being targeted by cybercriminals also increases. Furthermore, while staying up-to-date with the latest cybersecurity innovations gives your business a high level of protection, there is still the risk of falling prey to a cyber attack. Insurance Brokers of Arizona’s informative cyber insurance videos can help you understand what services are available to you should you have a data breach.

In their latest video in the series, the independent insurance agency provides you with details on what isn’t covered by cyber liability insurance, such as software upgrades to better protect your systems from future attacks and long-term financial losses due to any stolen intellectual property. This information allows you to be prepared for any additional expenses or work that you will need to factor into your recovery period.

While the video highlights the exclusion areas of cyber insurance, this information is meant to be used for clarity and planning purposes, rather than as a deterrent to obtaining a policy. Insurance Brokers of Arizona explains that most cyber insurance policies are robust, covering crucial data recovery and system restoration aspects of a cyber attack.

Insurance Brokers of Arizona has multiple years of experience as an independent insurance agency, offering you access to unbiased quotes for your coverage needs. Alongside their cyber insurance services, the company can also provide help with vehicle and property insurance, as well as a range of specialty services for businesses.

A spokesperson for the company said, “Even though Cyber insurance does have certain exclusions, it is still critical for business owners to protect themselves from damaging attacks.”

Learn what the exclusions are for cyber insurance to ensure you understand what is and isn’t covered!

For more information, you can visit https://youtu.be/YRuvGuvdXO4 where you can watch the full video.

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