Insurance for When You Get Hacked

Question: In light of all the hacker attacks in the news, how often are smaller businesses targeted? Is there insurance that covers you in case of an attack?

Answer: In a survey (pdf) of 800 members last year, the National Small Business Association reported that almost half had experienced security breaches, with nearly 60 percent of those incidents resulting in business interruption. The average cost associated with cleaning up the attacks approached $8,700.