Cyber Liability Insurance
HOW DOES A CYBER ATTACK IMPACT YOUR BUSINESS?
RANSOMEWARE
DENAIL OF SERVICE (DOS)
PHISHING ATTACKS
MALWARE
FUNDS TRANSFER FRAUD
What is
Cyber Liability
Insurance?
When a breach occurs, cyber insurance covers the range of expenses that arise.
These include identifying and solving the breach, recovering data, customer notifications, PR costs, possible credit monitoring expenses, legal expenses, potential fines from compliance regulators, extortion costs from ransomware, and general business interruption.
Do Hackers Really Bother with Attacking Small to Mid-Sized Businesses?
Yes. Hackers use technology to scan the internet for businesses with weak defenses regardless of the size of the business. A recent Verizon Report notes that 43% of all cyber attacks are against small businesses. Worse, 63% of small businesses had experienced a breach in the last 12 months. ANY business with a computer and an internet connection is at risk - even if you don't sell anything on your website.
What's Covered?
1
First Party Coverage
Intends to cover damages a business suffers because of a cyber breach. This can include things like investigative services, business interruption coverage and data recovery
2
Third Party Coverage
Intends to cover damages if a business' customers or partners are affected by a cyber attack. This can include legal fees, settlement costs, security failures and media liabilities.
3
Cyber Crime
Intends to cover damage due to any type of illegal activity that occurs using digital means. Examples of cybercrime are extortion/ransomware, phishing, social engineering, and wire transfer fraud.
HOW DOES A CYBER ATTACK IMPACT YOUR BUSINESS?
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Let’s Work Together...
Please submit your information for a customized preliminary cyber liability insurance proposal.
We will contact you once we received your application information for review.
It takes less than 10 minutes to obtain a preliminary quote!