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[mouakter13]

If he hadn't had venture funding, it would have been the end of his business.

The website itself might not exist today if the company's funding had not covered the legal costs.

When the incident had already cost the company hundreds of thousands of dollars, it opted to pay the extra few hundred dollars a year for professional liability.

A standard policy covers legal costs up to $1 million. Imagine how much money Leo could have saved.

Are Companies Using Your Product to Manage Sensitive Information? – Cyber ​​Risk Insurance
Almost every modern business relies heavily on the Internet bosnia and herzegovina phone number data and data. If your business directly handles sensitive information, or your customers use it to do so, you should consider a cyber liability policy.

What does it cover?
This policy covers most worst-case scenarios resulting from a bug, breach, exploit, or extensive downtime. For example, legal expenses resulting from hacking , data breaches, exploits, downtime, and lost profits.

How Much Does General Liability Insurance Cost?
General liability insurance for a new or small business typically costs between $400 and $750 per year. That translates to between $42 and $92 each month.

It's not a huge price to pay for the peace of mind you get. It protects your business from most liability claims and damages.

The price depends on the size of the company, risk factors, policy limits and deductible.