Businesses that deal with sensitive user information, such as personal information, are at great risk of privacy breach. The business can run into a serious liability if such information is shared, stolen or even lost. This is why the Co-operators’ Privacy Breach Coverage is provided to help protect your business against any form of privacy breach.
The Privacy Breach Coverage is adequate for most kinds of businesses including co-operative organizations, voluntary non-profit organizations, all sizes of companies and businesses.
With the constant rise in cyber threats, privacy breach insurance is becoming increasingly important to give business owners and managers peace of mind.
Privacy breach coverage could either be privacy breach liability coverage or privacy breach expenses coverage. The privacy breach liability coverage covers amounts the insured is considered liable for due to privacy breach in his business. The privacy breach expenses coverage covers expenses incurred while dealing with privacy breach issues.