Cyber Liability for Grocery Stores?

Feb 15, 2016

  1. riskad17
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    riskad17 New Member

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    I know with today's times Cyber Liability is becoming more and more important. I have a client with several grocery stores who has been on the books with us for quite a while. They currently do not have Cyber coverage and was thinking about recommending it on the next review. Is this something that you all would recommend for Grocery Stores that obviously process lots of transactions?
     
    riskad17, Feb 15, 2016
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  2. ModernInsurance
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    ModernInsurance Super Genius

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    Absolutely. The liability is there if they process electronic payments, and as more people catch on to this coverage (i.e. more lawyers push the issue when breaches are detected), it's going to become all the more necessary.

    Plus it's usually only an extra $50-$100 in premium per year for basic coverage.
     
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