Demystifying Cyber Insurance
If you don’t already have a Cyber Security or Cyber Liability policy, you likely don’t understand what it is or what it does for your business. The reason behind that is that most insurance professionals don’t understand it either.
“Cyber” is afforded lots of publicity through such notable hacking events as Target, Home Depot and even our last presidential election. All too many business owners assume that “it can’t happen to me”. In fact, over 40% of cyber attacks today, target small businesses.
Do you need cyber security insurance? If you have employees or customers or you use computers in the operation of your business, then you absolutely need the protection a cyber policy affords. Any number of the “circumstances” listed below could have a negative impact on your business.
Exposures to financial loss you are facing today:
- Employee Information
- Client Information
- Credit Card Information
- Online Payments
- Rogue Employee
- Former Employee
- Libel / Slander
- Online Sales
- Social Engineering
- Information sold on “Dark Web”
- Extortion / Ransomware
- Disposal of Equipment
- Indemnification Agreements
- Stolen Laptop / Tablet / Cell Phone
- PCI Compliance
- Missing Paper Files
We can help you eliminate the guesswork and provide an explanation of exactly how this will work for you.
Cyber Security Insurance you can understand.