Can I File a Claim for a Cyberattack on My Commercial Insurance Policy?

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Cyberattacks have become more of a concern for the business owners of the world, especially considering just how advanced hacker tactics have become. But despite the prevalence, many business owners may still not know if cyberattacks are covered under their insurance policy. Commercial owners in Decatur, AL should know more about this threat, and how it could affect their livelihood. Will Wright Agency Inc. wants you to have the facts.

Understanding Cyberattacks and Insurance 

Whether your commercial insurance policy covers cyberattacks is largely dependent on your policy, and unfortunately, an insurance company’s standard policies can change from year to year. Where General Liability Coverage may have covered a portion of these expenses in the past, some insurance companies are starting to write in exclusions for this very specific type of crime.

As with most insurance policies, it’s important to never make broad assumptions about what you are allowed to claim. So even if you were covered last year under your general policy, an insurance company may have altered its terms without formally alerting you of the change. But while insurance companies may exclude cybercrime from their general policies, they have been more than happy to debut riders (or add-ons) that will cover you in the event of an attack. 

Asking for Help 

Will Wright Agency Inc. is proud to help businesses in Decatur, AL get the help they need from breaches, hacks, and leaks. The right commercial insurance policy can be exactly what you need to keep trouble at bay. If your reputation suffers due to a hack, we can help you restore your image to the public so you don’t lose customers. If you want to learn more about how we can help, call us today. 

What to Do if Home Insurance Doesn’t Cover Something

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It’s important to read your home insurance in Decatur, AL because there are a few things that the policy may not cover. Not every policy is created equal, which is why it’s important to read the fine print on your policy. However, there are a few things that are not normally covered under any type of policy.

Ground movements, such as sinkholes, landslides, and earthquakes, aren’t covered under home insurance. This requires a different type of insurance coverage if you want to be protected if ground movement happens. Floods are also not covered and this will require an additional policy in order to get any damages that come from floods covered. Not all your belongings will be covered under your policy and there are certain coverage limits. If you have a lot of valuable items, such as artwork, jewelry, or expensive electronics, purchasing extra coverage can make sense. Home insurance won’t cover appliances in the home if they break down from wear and tear. If you want coverage for these types of things, there are home warranties that can replace appliances and HVAC units. Infestations, whether its mice, termites, or vermin, won’t usually be covered either. The insurance company sees this as part of maintaining the home. It’s always a good idea to have an emergency fund set aside for when your home needs some upkeep and repairs.

If you are worried about any potential problems that may not be covered by your policy, speak with an agent at Will Wright Agency Inc. You may be able to add endorsements or riders that will add on some additional coverage. The insurance company can also point you to other coverage options, such as flood or earthquake insurance, to stay protected.

Contact Will Wright Agency Inc., serving Decatur, AL, to get a quote on home insurance.