What Construction Contractors Need to Know about Cyber Insurance

What type of contractors are we talking about? Associated General Contractors of Washington

3 ways cyber insurance coverage helps the construction industry:

• ensure protection for corporate confidential information, such as under a non-disclosure agreement
• 30% of all cyber-related claims are ransomware attacks that can lead to a shutdown of a contractor’s computer network
  • ensure coverage for any data loss
• more often contracts require cyber security protections

Daily Journal of Commerce | Are you insured against cyberattacks? Here’s what contractors need to know