Does e-commerce insurance cover data breaches?
Check out if E-commerce insurance is enough to help in case of a data breach.
Updated May 30, 2023.
If you have cyber liability insurance, you can be covered for data breaches at your e-commerce business. And with over 50% of all cyber attacks happening to small and medium-sized businesses, finding the right coverage for your online business can be a major benefit.
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How Cyber Liability insurance can help
This type of insurance can help cover specific expenses associated with a data breach, such as:
- Investigating the cause of the data breach
- Notifying affected customers
- Defending the business against potential lawsuits
- Regulatory penalties caused by the breach
- Forensic and PR costs that may follow a breach
Protect your online business with NEXT
At NEXT, we can help guide you and find the ideal business insurance for you. To view your options, simply apply online and get an instant quote in less than 10 minutes. Then, you can get your certificate of insurance and share it 24/7 with the NEXT app.