My laptop is my business’ life. So I do the usual techie stuff—firewall, antivirus, spyware scans, backups, and encryption.
But I also have insurance. My insurance agency just used the zappos.com data breach to remind me that general business insurance doesn’t cover this sort of thing. The fact that you’re reading my web site means you should know this. Here’s my insurance company’s piece on cyber liability coverage.
Fortunately, one of my first clients required me to have Professional Liability and E&O coverage with cyber liability provisions. I’m glad they did. I never had the chance to cheap out, and they told me what kind of coverage I needed.
The right insurance is like a parachute. If you need it, and don’t have it, you probably won’t need it ever again.