News EngineNews Engine
  • Business
    • News
    • Finance
    • Automobile
  • Technology
    • Gaming
    • Tips & Tricks
  • Digital Marketing
    • Social Media
    • Digital Currency
  • Education
  • Fashion
    • Lifestyle
  • Health And Fitness
    • Food
    • Travel
  • Entertainment
    • Sports
    • Movies
    • Music
  • General
    • Real Estate
    • Home Improvement
    • Featured
    • Hotel And Resort
    • Pet And Wildlife

Subscribe to Updates

Get the Latest Creative News from News Engine about Business, Technology and World Trends.

Don't Miss

Unleashing the Laughs: Hilarious Moments at Comedy Competitions

September 15, 2023

How We Became an Indoor Air Quality Company

September 15, 2023

Elevate Your Living Space with Home Remodeling Danville

September 15, 2023

EMERGENCY PLUMBER: QUICK SOLUTIONS FOR PLUMBING ISSUES

September 15, 2023

Affordable and Efficient: Commercial Roofing Services in Archdale, NC

September 15, 2023
Load More
Facebook X (Twitter) Instagram Pinterest LinkedIn RSS
  • About Us
  • Contact Us
  • Write For Us
  • Guest Post
  • Privacy Policy
  • Terms And Conditions
Facebook X (Twitter) LinkedIn Instagram Pinterest RSS
News EngineNews Engine
Write For Us
  • Business
    1. News
    2. Finance
    3. Automobile
    Featured
    Business

    Solving the Inventory Puzzle: Inventory Management Tips for Garage Owners

    By News EngineJuly 25, 20236 Mins Read
    Recent

    Solving the Inventory Puzzle: Inventory Management Tips for Garage Owners

    July 25, 2023

    From Fragrance To Flame: The Intricate Process Of Making Incense Sticks

    July 25, 2023

    Custom Boxes With Logo: How To Choose The Right Materials And Finishes

    July 21, 2023
  • Technology
    1. Gaming
    2. Tips & Tricks
    Featured
    Technology

    Advanced SEO Can Revitalize Your Lead Generation Strategy

    By Amelia BreeAugust 31, 20234 Mins Read
    Recent

    Advanced SEO Can Revitalize Your Lead Generation Strategy

    August 31, 2023

    Instagram Story Viewer: Everything you need to know

    June 7, 2023

    What is the Difference Between React And React Native?

    November 18, 2022
  • Digital Marketing
    1. Social Media
    2. Digital Currency
    Featured
    Digital Marketing

    How to Price PPC Services: Step-by-Step Guide

    By News EngineNovember 18, 20226 Mins Read
    Recent

    How to Price PPC Services: Step-by-Step Guide

    November 18, 2022

    eCommerce PPC: A Beginner’s Guide To Start

    November 8, 2022

    How Digital Marketing Helps Businesses to Grow?

    October 24, 2022
  • Education
    Featured
    Education

    If You’re Thinking About Studying MBBS in Uzbekistan, Read This First

    By News EngineJuly 13, 20239 Mins Read
    Recent

    If You’re Thinking About Studying MBBS in Uzbekistan, Read This First

    July 13, 2023

    Why do we Call Math as the Cornerstone to a Good Education?

    June 6, 2023

    Quizz zz: The Fun and Interactive Way to Learn and Test Your Knowledge!

    March 9, 2023
  • Fashion
    1. Lifestyle
    Featured
    Fashion

    Check Out Our Guide To The Latest Designs of Gold Mangalsutra With Prices

    By News EngineSeptember 12, 20234 Mins Read
    Recent

    Check Out Our Guide To The Latest Designs of Gold Mangalsutra With Prices

    September 12, 2023

    How Do You Edit a Picture of Jewelry?

    October 21, 2022

    Summer Fashion: All You Need to Know About Leopard Prints for Summer 2022

    September 26, 2022
  • Health And Fitness
    1. Food
    2. Travel
    Featured
    Health And Fitness

    Say Goodbye to All the Gynecology Conditions

    By News EngineAugust 22, 20223 Mins Read
    Recent

    Say Goodbye to All the Gynecology Conditions

    August 22, 2022

    Everything You Need to Know About Vitamin K2

    August 22, 2022

    Reasons Why Tiger Balm is the Best Pain Relief Balm in the Market

    August 4, 2022
  • Entertainment
    1. Sports
    2. Movies
    3. Music
    Featured
    Entertainment

    How to Get Tickets For Your Favorite Team: Things You Need to Know

    By News EngineAugust 10, 20223 Mins Read
    Recent

    How to Get Tickets For Your Favorite Team: Things You Need to Know

    August 10, 2022

    IFVOD TV: Complete Details With Features, Reviews & Uses

    August 2, 2022

    College Dorm Party: Everything You Need To Know in Detail

    July 17, 2022
  • General
    1. Real Estate
    2. Home Improvement
    3. Featured
    4. Hotel And Resort
    5. Pet And Wildlife
    Featured
    General

    Petrolheadonism Live 2023: Elevating “Supercar Service” to New Heights

    By Austin DavidJuly 24, 20233 Mins Read
    Recent

    Petrolheadonism Live 2023: Elevating “Supercar Service” to New Heights

    July 24, 2023

    Tips to Find Out the Best CV Creator

    April 5, 2023

    Eureka Typhon Chair: Is it The Right Fit For You as a Gamer?

    December 7, 2022
News EngineNews Engine
Home»Technology»Cybersecurity Insurance For Freelancers: Everything You Need To Know
Technology

Cybersecurity Insurance For Freelancers: Everything You Need To Know

By News EngineMay 12, 2022No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit WhatsApp
Cybersecurity Insurance For Freelancers
Share
Facebook Twitter LinkedIn Pinterest Tumblr Reddit

The year 2020 legitimized online work, especially for freelancers. However, the move to digitizing sensitive customer information and placing it online has presented issues. For example, the number of hacks and hacking attempts has increased. So, here in this article, we provide a brief guide on cybersecurity insurance for freelancers and everything you need to know.

Table of Content

  • Introduction of Cybersecurity Insurance For Freelancers
    • The Target Data Breach of 2013
    • What Is Cybersecurity Insurance?
    • What Does the Insurance Cover?
    • Why Do Freelancers need it?
    • What Is the Cost of Cybersecurity Insurance?
      • Conclusion:

Introduction of Cybersecurity Insurance For Freelancers

According to data, small business data breaches increased five-fold from 2019 to 2020. Sometimes hackers hack to practice their skills, and the easiest target is a small business.

Computer and network security is an investment, just like insurance. Many small companies use free security software options. They also don’t believe that they will become targets until they do.

Some hackers may have the intention of moving on to bigger targets such as the government and corporations. They start with the easy mark and move on to the true victim.

The Target Data Breach of 2013

The Target data breach that took place on Black Friday 2013 became the largest of its kind. Hackers obtained Target customer credit and debit card information.

This incident led to credit and debit card issuers revamping and adding chips for more security. Even if nothing happened directly to the 70 million affected in the Target incident, they could have fallen victim to scams and identity theft. If an accident like this occurs to a freelancer, it will wipe out their business.

After all, the Target Corporation paid out $18.5 million to 47 states in lawsuits. No shortage of business insurance policies exists for small business owners, corporations, and freelancers. Freelancers have several self-employed policies to research; Gigly has already outlined some to explore.

Important insurance policies to obtain include:

  • General liability
  • Professional liability
  • Business owner’s policy

All freelancers who work online, in technology-related fields, or handle sensitive customer data, such as retailers, benefit from acquiring cybersecurity insurance.

What Is Cybersecurity Insurance?

According to data, half of the small businesses have experienced a data breach. At least half have also experienced multiple breaches of data. That’s one reason why freelancers benefit from protecting themselves through insurance and installing antivirus software. Those who work on a network of computers must secure it too.

Freelancers can use third-party services such as payment processors to prevent security breaches. However, you remain the face of your company. Since you collected the sensitive information, customers expect you to take care of it.

Therefore, this insurance policy kicks in after a data breach occurs. It covers the cost of your liability in the incident.

What Does the Insurance Cover?

Most policies cover the potential financial fallout from a data breach. Then it covers the legal costs that you might incur if a plaintiff files a lawsuit against you.

Professionals in any field must notify their customers when a data breach occurs. They should find out from you instead of via social media or through the media. However, when customers find out, they will have questions.

Therefore, the policy also covers:

  • Notifying customers
  • Helping customers affected restore their identities.
  • Recovering the breached data
  • Improving your operations so that another breach does not occur

It is a process, and your policy helps you complete it.

Why Do Freelancers need it?

Every insurance policy on the market has a specific purpose. A commercial vehicle policy only covers the vehicles assigned to it. Professionals must obtain commercial property to protect their commercial property, such as the office.

Even though freelancers obtain a professional liability policy or a general liability policy, the insurance market has separated cybercrime liability from property liability.

Moreover, the insurance companies have separated liability caused by a product and liability from an on-premises incident. Therefore, you must pick up a specific policy that handles data breaches.

What Is the Cost of Cybersecurity Insurance?

The cost of the policy depends on the agent you use to obtain it. However, the average price hovers around $145 monthly on average.

If you already have insurance policies with well-known companies, consider negotiating pricing and bundling policies. Ideally, the provider will offer a discount for your loyalty.

Conclusion:

Although it seems like insurance is an investment that has no payoff, it does protect freelancers. Cybersecurity policies protect freelancers in case a data breach occurs on their watch. The public is sensitive to incidents and events that put their identity and financial well-being at risk. Therefore, you help protect them and yourself.

cybersecurity insurance for freelancers network security what does the insurance cover what is cybersecurity insurance what is the cost of cybersecurity insurance
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit
Previous ArticleA Beginners Guide To Peel And Stick Best Wallpaper
Next Article Effective B2B Email Marketing Practices And Examples

Related Posts

Advanced SEO Can Revitalize Your Lead Generation Strategy

Technology

Instagram Story Viewer: Everything you need to know

Technology

What is the Difference Between React And React Native?

Technology

Leave A Reply Cancel Reply

Advertise With Us

advertise here

Featured Posts

Unleashing the Laughs: Hilarious Moments at Comedy Competitions

September 15, 2023

How We Became an Indoor Air Quality Company

September 15, 2023

Elevate Your Living Space with Home Remodeling Danville

September 15, 2023

EMERGENCY PLUMBER: QUICK SOLUTIONS FOR PLUMBING ISSUES

September 15, 2023

Affordable and Efficient: Commercial Roofing Services in Archdale, NC

September 15, 2023
Follow Us
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • LinkedIn
On Trending
Uncategorized

Unleashing the Laughs: Hilarious Moments at Comedy Competitions

By Amelia BreeSeptember 15, 20235 Mins Read

Introduction In 2023, the world of entertainment will revolve around comedy competitions. These events will…

How We Became an Indoor Air Quality Company

September 15, 2023

Elevate Your Living Space with Home Remodeling Danville

September 15, 2023

EMERGENCY PLUMBER: QUICK SOLUTIONS FOR PLUMBING ISSUES

September 15, 2023

Affordable and Efficient: Commercial Roofing Services in Archdale, NC

September 15, 2023

Subscribe to Updates

Get the Latest Creative News from News Engine about Business, Technology and World Trends.

About Us:
About Us:

Our information services are about updates and include everything from all thoughts about daily life to beginning global findings. We are accepting new partners right now.

Email Us: newsenginenet@gmail.com

Facebook X (Twitter) Instagram Pinterest LinkedIn
Subscribe to Updates

Get the Latest Creative News from News Engine about Business, Technology and Latest Trends Around The World.

Important Links
  • Homepage
  • About Us
  • Contact Us
  • Write For Us
  • Privacy Policy
  • Terms And Conditions
  • Guest Post
Copyright © 2021-23. Designed by News Engine.
  • About Us
  • Contact Us
  • Write For Us
  • Guest Post
  • Privacy Policy
  • Terms And Conditions

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version