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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The Hartford
When you run a small business, you face many physical risks, like property damage and injuries. But your business also faces risks that come from using technology. These include everything from data breaches to hacking. To protect against those risks, many businesses add cyber insurance to their business insurance policies. Cyber insurance can offer broad coverages to help protect businesses from various technology-related risks. At The Hartford, we offer two different cyber insurance policies: cyber liability insurance and data breach insurance. Data breach insurance helps your business respond to breaches and can offer enough protection for small business owners. Cyber liability insurance is typically meant for larger businesses and offers more coverage to help prepare for, respond to and recover from cyberattacks.
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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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Elpha Secure
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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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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Company Information
Simply Business
Founded: 2000
United Kingdom
www.simplybusiness.com/business-insurance/cyber-liability/
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