Why you need Cyber Security Insurance
No business is safe from privacy breaches and cyber-attacks, and hackers grow more sophisticated each day. The demand for cyber insurance has grown as a result. WDIA offers this type of insurance, and they offer coverage for both first-party and third-party losses.
First-party coverage insures for losses to the policyholder’s own data or lost income or for other harm to the policyholder’s business resulting from a data breach or cyber-attack.
Third-party coverage insures for the liability of the policyholder to third parties — including clients and governmental entities — arising from a data breach or cyber-attack.