In today's digital world, businesses may be at risk for having their company data stolen.

How to prepare your business: Invest in cyber insurance, which helps cover costs of recovering from and responding to cyber attacks. Also train employees on cyber security, use strong passwords, and keep software updated. Allstate offers the CyberSuite product to your business insurance policy, which includes data compromise coverage to help protect small businesses against data breaches. Data compromise coverage, sometimes called data breach liability insurance, can help your business recover after a data breach and ensure your business is compliant with state laws. It also helps pay for things like legal fees or credit monitoring for customers, if needed.

Having the right insurance coverage can help protect your company against common business risks. If you have questions about what kind of coverage is right for your business, talk to your insurance provider.