Cyber Liability Insurance
Cybercriminals are experts at finding gaps in your defenses. It’s more a matter if when than if, so it pays to be protected!
What is Cyber Liability Insurance?
Cyber Liability Insurance covers financial losses that result from cyber events such as data breaches. Cybercrime is a very real threat to businesses of any size and industry. Therefore, every organization with cyber exposure must consider cyber liability insurance.
Cyber Liability is not typically included within General Liability Insurance and must be purchased separately. Each company offering a policy has a unique set of requirements to not only obtain coverage, but to ensure you can successfully file a claim when the time comes.
Why your business needs Cyber Liability Insurance
If your business handles or stores personal/sensitive information online, and these days most everyone does, then Cyber Liability Insurance should be a top priority.
- Over 60% of Small- and Medium-Sized Businesses (SMBs) have experienced a cyberattack in the past 12 months.
- About 45% of SMBs say that their processes are ineffective at mitigating attacks.
- Cyberattacks target small businesses.
- Phishing is the biggest threat for SMBs, accounting for over 30% of breaches.
- Stolen credentials (27%) and password dumpers (16%) remain key attack vectors on SMBs.
These statistics are no joke. Hackers have become bolder, with new ways to get to your data – and your money. You must take control of your cyber security to protect your businesses most valuable assets – your data.
Why you need support from BizCom for your Cyber Liability Insurance
With so many options and such varied requirements to be eligible for Cyber Liability Insurance, BizCom Global can help you ensure you’re set up to successfully obtain coverage. Sadly, statistics show a growing number of companies whose claims are being rejected because they were not compliant with security protocols or reporting processes. Don’t lose twice, have BizCom help ensure you’re set up for success!
Get Cyber Liability Insurance Today!
