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Why Should I Buy Cyber Insurance?

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Cyber Insurance (5)

If you have a business and don't have cyber insurance yet, read on. We highly recommend cyber and social engineering coverage. It may even be time for individual families to start buying cyber coverage!

Below we'll break down all the reasons you need cyber insurance now. If you're left with any questions or concerns, don't hesitate to contact us. 

Why Buy Cyber Insurance? 7 great reasons! 

No. 1 Cyber insurance generally covers your business's liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers, and health records.

No. 2 Cybercrime reports have more than doubled in the last 3 years, with numbers continuing to increase. 

No. 3 The cost of global cybercrime costs businesses billions annually, which makes this risk a "C-suite" and boardroom concern. 

No. 4 Hacking is causing business interruption, bringing companies, operations, and processes to a grinding halt. 

No. 5 In one year alone, over 37 billion personal records were exposed, affecting both companies and their customers.

No. 6 Cyber and executive risks are getting harder for companies to manage.

No. 7 In this digital landscape, a crisis of reputation can "go viral" in a matter of seconds, leaving you at risk of losing not only your current customer base but future customers as well.

Sleep at night knowing your business is protected against all types of cyber threats – including ransomware attacks, data breaches, hardware failures, software vulnerabilities and more.

Want to discuss your personal or business risk?

 

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