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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AIG
Data and analytics to understand your cyber risk. Proactive services to address vulnerabilities. Coverage when its needed. Cyber liability insurance covers the financial costs associated with a breach, as well as first party costs including event management, data restoration, financial costs to third parties, network interruption, and cyber extortion. Covers losses in the physical world caused by a cyber event, including primary coverage for business interruption, first and third party property damage, physical injury to third parties, and products/completed operations coverage. Insureds receive detailed scoring, analysis, and benchmarking reporting that will help them better understand their cyber maturity and coverages. Basic reports are also available for applicants, even if they do not bind coverage.
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Zurich Cyber Insurance
Cyber risk insurance helps protect your company against computer-related crimes and the financial impacts of threats like ransomware; malware; data breaches and thefts; malicious acts of employees and other events that can damage your network, corrupt your data and impact your company’s reputation and customer confidence. Today, all business is digital, which means all companies are vulnerable to cyber events, from email phishing and social engineering to ransomware and other perils. If you operate a business that depends on any kind of digital tools and resources to serve customers, connect with vendors, manage payrolls, administer employee benefit programs, and collect sensitive user and customer data, you need cyber insurance. Types of cybercrime can include ransomware and other malware, data thefts, email phishing attacks, social engineering scams, breaches via the Internet of Things, and more.
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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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