Cyber Liability Risks Are Growing, Are Your Prepared?

Cyber risk is a topic that keeps evolving. At this point, we believe that every business needs to have cyber liability insurance. The methods that the cyber criminal’s use is always changing and we are constantly researching the latest prevention trends.

Cyber Risks Are Growing
Russian hackers recently stole over 2 billion online names and passwords. Home Depot had millions of customer credit cards stolen. A local restaurant recently had 1200 customer credit card numbers stolen, and finally a medical clinic had a lap top stolen that contained 5,000 patient’s names and confidential information. Every company is at risk for cyber theft and loss.

Cyber Insurance
We can provide your firm with the right combination of pricing and coverage. Cyber risk    insurance is available at very reasonable premiums. Many of our companies offer coverage to help protect your business from loss.

Cyber Risk Prevention for Small Business
Here are some of the latest prevention trends from computer *experts:

• Outsource credit card handling with a reputable vendor.
• Use more complex passwords with a combination of letters, numbers and symbols.  Here is an example (MP#09xT28S%).
• Don’t save passwords on your computer.
• Question your internet security at every level, including email. It may be time to encrypt all emails.
• Use the latest security software.
• Do not allow laptops to leave the office without proper security.
• Train your employees on cyber security.
• Do not use an open network.

*Source PC360.com

If you have a standard business policy you may not have the right kind of coverage. Let us work with you to provide the right coverage. Cyber liability coverage (for data breaches) has evolved from just insurance for information technology companies to coverage that nearly every kind of business should have - if they don't already.
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As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs.  Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well.  We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote.