Does My Business Need Cyber Insurance?

Does My Business Need Cyber Insurance?

You may say to yourself, “I’m the only employee in my business, surely I don’t need cyber insurance if I am careful…” But the real question is, are you using the internet to collect payments? You may say no, I don’t even have a website! But your credit card transactions are processed online! So, the short answer is yes, you need cyber insurance. It may not seem like a worthy investment for a small company but buying cyber insurance can be the smartest move for any business owner. Cyber-attacks have increased so much that every business has a target painted on its back; and the weak, defenseless ones get picked on first.

“It’s a good idea to have cyber insurance, not only for the financial protection it offers in the event of a damaging breach, but also for the security discipline it imposes on companies that seek to qualify for coverage,” explains Jonathan Ortiz, a Cybersecurity Solution Specialist.

Our cyber-insurance policies coverage generally includes first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.

Don’t skip it and regret it! Contact one of our knowledgeable associates today and find the perfect coverage for your business.
 
https://biztechmagazine.com/article/2023/03/what-small-businesses-need-know-about-cyber-insurance; https://dstinsurance.com/cyber-liability-insurance; https://www.one2oneinc.com/news/what-is-endpoint-detection-and-response/