Burand’s Agency E&O Blog: Tip #43

Offering Cyber Liability. Almost without exception all businesses need cyber liability coverage today and yet relatively few have this vital coverage. The exposures can be significant both from an E&O perspective and a regulatory perspective. Therefore, consider offering all business owners cyber liability coverage. Be aware the details of this coverage vary significantly from one form to another so be careful discussing this coverage generically. To best protect clients and the agency, all producers and key staff should become educated extensively regarding how the forms vary so they can communicate to the insured effectively and the insured can choose the form that best fits their needs.