Cyber attacks are increasingly aimed at small businesses.
You don’t have to be a big-box retailer or a credit bureau to experience a cyber attack. Small businesses are easy targets for criminals. Protect yourself with a policy designed for your digital environment.
Get the 21st Century coverage that puts you ahead of cyber threats.
You want to insure your business against cyber assaults without intimidation or anxiety. Understanding exactly what a cyber policy covers and what risks you carry shouldn’t be a mystery. Getting clear and direct answers allows you to make informed decisions to protect your data with confidence.
You need certainty that you can prevent and respond to cyber threats. Don’t worry. There’s a solution.
Cyber liability insurance is like having a financial safety net, covering the costs of a cyber hack. Some policies even cover the loss of business income when your systems are down. And if you’re worried about infringing on someone else’s intellectual property rights, there’s coverage for that too.
But cyber liability insurance is not just about dealing with the aftermath. It’s also about prevention. Insurers can help you assess your current cyber security and recommend ways to improve it. It’s like having a security consultant and a financial protector in one.
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Education Station
Learn how to choose the right coverage for your needs, how to save money on your premiums, and how to make the most of your benefits. Whether you’re a new or existing client, you’ll find valuable information and tips that can help you protect yourself and your assets.
FAQ
Common Questions and Answers About Your Cyber Liability Policy Options
What common information do hackers try to obtain?
Hackers often try to obtain personal information in order to open fraudulent accounts, take over existing accounts, or sell the data on the dark web. The main types of information they target are:
- Personal Identification Information (PII) (used for opening fraudulent accounts)
- Driver's License Numbers
- Social Security Numbers
- Dates of Birth
- Financial Information (used for direct financial theft or for selling on the dark web)
- Credit Card Numbers
- Bank Account Details
- Healthcare Records (used to sell on the black market, usually to obtain prescription drugs illegally)
- Log-in Credentials (for gaining access to accounts or selling access)
- Emails and personal messages (used for social engineering)—a method of manipulating people into sharing sensitive information or performing actions
What are the minimum security measures needed to get a cyber insurance policy?
- Insurance carriers will require:
- Security software like an antivirus program
- Firewall
- Data encryption
- Regular software updates
- Regular data backups
- Employee training and awareness programs
- Some carriers will also require:
- Network Security Measures like a Virtual Private Network (VPN)
- Multi-factor authentication for all sites
- Password manager like LastPass
How much is a cyber liability policy?
A cyber insurance policy will start at about $1,000 for a typical small business. The cost can vary greatly depending on factors like:
- Amount of sensitive customer data stored
- Strength of existing security measures
- Company size and revenue
Don’t Let a Cyber Hack Destroy Your Business.
You’re running your business smoothly when, suddenly, a cyber hack hits you out of nowhere. It’s not just a headache—it can mean huge, unexpected costs that could cripple your business.
That’s why you need cyber liability insurance. It’s not ordinary business coverage. It’s specially designed to protect you from the storm of challenges that come with a data breach. It covers things you might not have thought of, like:
- Legal fees and fines
- Recovery costs
- Liability costs, and
- Business interruption costs
Don’t let a cyber hack ruin your business. Get cyber liability insurance to secure your digital future. We know how important your business is to you. That’s why we want to help you protect it from cyber threats.
We are an experienced local CNY agency that can tailor a policy to your specific business risks. Use the form to get started on the path to the right cyber liability coverage.