Laptops are lost more often than people think. It’s quite easy to leave your laptop behind at a café, library, or other space. What matters most is whether insurance will apply.
In particular, laptop owners often question whether cyber security insurance will be applicable. Let’s Insure’s cyber security insurance professionals are here to provide the clarity you need.
Lost Laptops
If you or an employee at your organization lose a laptop, there won’t be any reason to panic if you have the proper insurance. Cyber security insurance does not always cover the physical cost of the lost laptop, meaning it won’t pay for replacement.
However, cyber security insurance might cover the ensuing data breach along with ensuing liability expenses. As long as the laptop contained valuable information and that loss of information led to financial loss, coverage is likely to apply.
Explaining Coverage for Lost Laptops
Cyber security insurance is primarily written to minimize losses stemming from digital risk. Therefore, property damage to the laptop itself, including the theft or loss of a laptop, might not be covered.
A laptop can be replaced for a reasonable sum of money. However, the loss of data might cripple your organization or yourself unless properly insured. Obtain cyber security insurance to protect against data breach along with ensuing liability and you’ll receive compensation to mitigate the resulting losses.
As an example, if the laptop contained protected health data, valuable personal data or records pertaining to customers, cyber security insurance is likely to apply. Moreover, if you can prove specific financial losses occurred as a result of that data loss, coverage will likely apply.
Let’s Insure is on Your Side
If you live or work in the greater San Diego, CA area, our team is at your service. Dial 877-851-7867 to find out more about cyber security insurance.
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