Audience
Cyber Insurance for companies wanting to protect their business from online attacks
About Simply Business
Just the fact that you’re reading this online means you’re connected to a cyber network of some sort. And simply by being online, you’re likely at some risk of a cyberattack. According to the Federal Communications Commission (FCC), digital information, such as your customers’ personal and payment information, is being reported as stolen more commonly than physical property theft. That’s why it’s more important than ever to protect your business with cyber insurance. With our online quote form, there’s an excellent chance we can provide you with cyber insurance that’s right for your small business. Cyber insurance — which is also known as cyber liability insurance — covers the costs of claims associated with stolen customer data, cyberattacks, breaches, and fraud.
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Work confidently with a complete cyber defense strategy that reduces risk in real-time and helps keep your business solvent. Yesterday’s security measures are no match for today’s sophisticated cyber-attacks. And business owners can’t afford to ignore the problem any longer. Without cyber insurance, a single breach can bankrupt your business. The solution is tailored cyber coverage that’s accessible and affordable. Piecemeal cyber software is expensive, complicated, and difficult to adopt. The solution is all-in-one software that’s easy to implement and to use. Finally, advanced security software embedded in a cyber insurance policy for critical coverage that actually helps manage your cyber risk. Elpha Secure is one elephant you need in your room. Full coverage plus first-rate software offers more robust protection for less. Streamlined AI-powered underwriting process to deliver a quote on the spot.
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Embroker
Embroker helps you get cyber liability insurance to cover both first and third-party financial losses resulting from data breaches and other cybercrimes that may compromise sensitive company and customer information. A cyber insurance policy, also referred to as “cyber risk insurance” or “cyber liability insurance” coverage, is a financial product that enables businesses to transfer the costs involved with recovery from a cyber-related security breach or similar events. Typically, the most important aspect of cyber insurance will be network security coverage. This coverage will respond in the event of a network security failure – such as data breaches, malware, ransomware attacks and business account, and email compromises. However, the policy will also respond to liability claims and ancillary expenses of an attack or breach.
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Insureon
Cyber liability insurance protects small businesses from the high costs of a data breach or malicious software attack. It covers expenses such as customer notification, credit monitoring, legal fees, and fines. Cyberattacks and data breaches are expensive and increasingly common. Small businesses often have weak cybersecurity, which makes them an attractive target. A cyberattack isn't just an inconvenience – it can put you out of business. In fact, 60% of small businesses go under within six months of a cyberattack. Cyber insurance coverage helps your business recover from financial losses caused by cyberattacks and data breaches. It can pay for credit monitoring, attorney's fees, fines, and other costly expenses. If a hacker steals your private information about your company or its employees and holds them for ransom, cyber liability insurance will help with payments to meet cyber extortion demands.
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Vouch
While not every one of those led to identity theft, they could each have theoretically triggered a lawsuit by the person affected. Cyber insurance is designed to pay the costs associated with such lawsuits when they’re targeted at your startup, as well as the costs of helping breach victims recover. Cyber insurance was developed to help companies manage the risks associated with storing and processing customer data. In the event of a cyber incident or data breach, it can cover services that reduce the likelihood of a lawsuit. Because so many startups are fueled by data, Cyber insurance is often essential. Even if you aren’t fueled by data, Vouch’s Cyber policy may offer protection. That’s because our coverage includes protection for social engineering and electronic funds transfer scams – both of which can happen to anyone at any time. As soon as you get the first form filled on your website, you’ve got customer data.
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Company Information
Simply Business
Founded: 2000
United Kingdom
www.simplybusiness.com/business-insurance/cyber-liability/
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Product Details
Platforms Supported
Cloud
Support
Phone Support
Online
