I recently received a letter from my credit card company informing me that some of my personal information may have been stolen. My very first thought was, “How is going to pay for my credit monitoring?” It sure won’t be me.
My question to all the business owners…Will it be you?
Do you collect, keep or store personal information? This includes Credit Card numbers, Social Security Numbers or even Drivers License Numbers. Do your sales people take laptops, or paper files, home or out to visit clients? If the answer is yes, then you need Data Breach Coverage, and you need it now! The good news, Data Breach Coverage is very affordable and you can select the level of coverage that best suits your business needs.
Businesses are required to follow strict federal regulations on notification to individuals. Time limits on when letters must be mailed and what must be included in the notifications are just some of the rules. Well, you can buy response coverage and your insurance company can provide coverage for mailings, Good Faith Advertising and credit monitoring. Some insurance companies even include access to all of the legal requirements, tips on safeguarding information and help with creating data breach response plans.
If you would like to learn more about Data Breach Insurance, or any other types of Business or Personal insurance – Just give me a call at 703-530-1300 x105 or send an e-mail to dsbissell@wgoins.com.
