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 Cyber / Data Breach Insurance 
 What is Cyber-Security Insurance and why you need it 
  • 60% of small businesses close their doors within 6 months of a data breach!

  • $665,000 average insurance company claim payout for a data breach! *

  • $229,000 average claim for ransomware *

  • $8,800,000 average claim for large company *

  • Only 3% of small businesses carry Cyber-Security Insurance!

  • Don't be a victim...but if you are...be insured!

                                

Technology, social media and transactions over the Internet play key roles in how most organizations conduct business and reach out to prospective customers today. Those vehicles also serve as gateways to cyberattacks. Whether launched by run-of-the-mill hackers, criminals, insiders or even nation states, cyberattacks are likely to occur and can cause moderate to severe losses for organizations large and small.  Transferring risk is where cyber insurance comes into play.

What is Cyber-Security Insurance?

A cyber insurance policy is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event.  

First-Party Coverage Includes:

  • Forensic Investigation
  • Business Interruption
  • Extortion
  • Computer Data Loss and Restoration
  • Theft

Third-Party Coverage Includes:

  • Litigation and Regulatory
  • Regulatory Response
  • Notification Costs
  • Crisis Management
  • Credit Monitoring
  • Media Liability

Cyber-Security Insurance combines 3 important steps to protect your business

  • Plan
  • Prevent
  • Insure

Does your business need Cyber-Security Insurance? 

Do you...

  • Use mobile technology (smartphones, tablets, laptops, PC)?
  • Have employees?
  • Engage external partners or vendors?
  • Accept credit cards or other online forms of payment?
  • Store confidential customer, partner, or other digital information?

Your business is vulnerable to a Cyber-Security breach!  

Act Now...Contact Us!!


* Source: Net-Diligence, 11/07/2018:  8th annual study of cyber claims payouts


What is Cyber-Security Insurance and why you need it