Umbrella insurance can be beneficial if your primary insurance policy has limits that could be maximized or exceeded by an unexpected situation or circumstance. In essence, umbrella insurance is the backup insurance that kicks in after your primary policy has reached its limits, or when your primary policy doesn’t cover something.
Our Woodbury, MN team at Kriener Insurance understands the benefits that umbrella insurance can provide and is committed to helping business owners get the extra coverage they need.
Does Umbrella Insurance provide Cyber Coverage?
As with any insurance company, you need to talk to an insurance agent to determine exactly what an umbrella insurance policy would cover in terms of cyber benefits and protection. However, an umbrella insurance policy can provide cyber coverage in the form of cyber liability insurance.
There may be other forms of cyber coverage as well. However, you need to speak with an agent to determine exactly what’s covered. Under an umbrella insurance policy, Cyber liability insurance typically provides coverage for various cybercrimes as well as data breaches.
This coverage may also extend to first-party financial loss as well as third-party financial loss.
Do I need Umbrella Insurance? My business is primarily online.
Even if your business is conducted primarily online, you still have assets to protect and security hazards that you need protection from.
Now, more than ever, cyber crimes are rampant and may be more prevalent than real-world crimes, or at least just as prevalent. As a result, investing in protection for your online business may be a good idea.
Give Us A Call
Speak with a team member at Kriener Insurance. We’d be happy to discuss the benefits that umbrella insurance can provide for your specific needs in Woodbury, MN.
