Stop Costly Errors Get Unmatched Liability Coverage Today
Real-World Examples and Statistics
Consider the case of a small tech company that faced a data breach. Without cyber liability insurance, the costs of notifying affected customers, hiring IT specialists, and potential legal fees could have been crippling. Instead, their insurance covered these expenses, allowing the company to recover swiftly and maintain customer trust.
According to the Insurance Information Institute, 40% of small businesses will experience a liability claim in the next 10 years, with the average cost of a customer slip and fall claim being $20,0002. Such statistics underscore the importance of having the right coverage in place.