If you own a business, then you probably already know that states require that business owners take action if the nonpublic, personal information of their customers is lost or stolen. This is not something to be ignored, when you know that a recent study showed that 55% of small businesses surveyed stated they had experienced a business data breach. So have you taken steps to mitigate the damage in case your business is targeted?
ErieSense.com says: “The personal information of customers, employees and/or tenants entrusted to you is critical to the day-to-day functioning of your business… Whether it’s a misplaced computer, an improperly shredded document or a hacked database, business data can easily become exposed. If it does, a business data breach could occur.”
Commercial Insurance Tip
Being ready before you suffer a data breach is the important first step. So ask your insurance agent about Commercial Insurance coverage and services that might be available to help you if/when private personal information of others in your care has been lost, stolen or inadvertently released. You might also wish to inquire about coverage that will help cover your company’s legal expenses in the event of a lawsuit related to a data breach.