For more than two decades, Bill Scuorzo has led BCG Advisors in Secaucus, New Jersey, as the company’s president and CEO. Bill Scuorzo and his team provide a range of human resources consulting services and commercial insurance options, including cyber insurance.
According to the World Economic Forum’s Regional Risks for Doing Business in 2019, cyberattacks are the top risk of companies in Europe and North America. This risk affects companies of any size, though large companies are generally more vulnerable. Businesses can manage the fallout by obtaining cyber insurance.
Cyber insurance policies protect business liability after a data breach of account numbers, driver’s license numbers, health records, or other sensitive customer information. This coverage is not usually included in general liability insurance policies, which protect companies from property damage and bodily injuries resulting from their operations, services, and products.
In addition to providing protection against data breaches, cyber insurance policies may cover the cost of recovering the compromised data, notifying customers of the breach, and fixing computer systems that were damaged in the process. Business interruption that occurs as a result of the breach may also be covered by cyber insurance policies.
Bill Scuorzo 