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Everything from the tip of a toenail to a mere pot of land is insurable nowadays. With the advancement of technology and the constant usage of online amenities, even cyber insurance is already possible. This type of coverage has been around for years, yet, a lot of people may not be aware of it.
To define, cyber insurance is designed to cover consumers of technology services or products. More specifically, the policies are intended to cover a variety of both liability and property losses that may result when a business engages in various electronic activities, such as selling on the Internet or collecting data within its internal electronic network.