Ordinary renters insurance does not cover an important hazard: cyberattacks. At M8 Insurance in Salt Lake City, UT, serving all of Utah, we recommend that homeowners and renters get cyber insurance.
What does cyber insurance cover?
Cyber insurance helps you resolve the situation if you are attacked by ransomware. If your online accounts are compromised, it helps to cover your losses and notify your banks and creditors of the situation.
But that’s not all. Some other benefits of cyber insurance for renters include:
- Media liability. Cyber insurance coverage can protect you in case of defamation lawsuits arising from your or your family’s use of social media. It can help you find and pay for an attorney and discharge any court judgments for your case.
- Privacy liability. If sensitive information about your employer, friends, business associates, or customers is hacked from your computer, privacy liability coverage can help you limit the problem and pay for damages.
- Continuity of your home business. A cyberattack can put you out of business for months if you operate a home business. Business interruption insurance can replace the income you lose when your computer is compromised, and your home business has to cease operation.
- Reputation management. Your cyber coverage can help you with the costs of restoring your reputation after hackers use your computer. This is particularly helpful if you are the victim or you are accused of cyberbullying.
- Errors and omissions. Cyber coverage can help you with contractual obligations at work when your computer is tampered with.
Your renter’s cyber insurance can also help you notify the people affected by a breach in your home computer security.
Cybercoverage is a complicated subject. M8 Insurance has the answers to your questions. We can help you avoid cyberattacks and help make you whole when they occur. Call us today!
