Cybercriminals are becoming increasingly more organized and aggressive, requiring companies of all sizes to be even more vigilant in its defense against cyber-attacks. It only takes one person to fall for a real phishing scam to affect an entire company. This could lead to damaging results such as:
- A security or privacy breach – infecting a company’s network, stealing company information
- Financial loss
- Damage to the company’s reputation
A robust cyber insurance solution is about the resources and expertise that sit behind it. Our cyber products provide cutting-edge, innovative coverage to protect against the growing and sophisticated threats companies face daily. Hiring forensic consultants and managing a regulatory investigation, other integral parts of responding to a breach, have sky rocketed in cost in the past five years. It’s critical to have sufficient cover available to handle a cyber event. Cybercrime is the fastest growing form of crime in the world.
Cyber Insurance is essential for most businesses, but not limited to – healthcare providers, retailers, educational facilities, professional services firms, public entities, energy companies, transportation and logistics companies and financial services providers.
What does the policy cover?
- Cyber crime
- Cyber extortion
- Cyber incident response costs
- Cyber and privacy liability
- Management liability
- Media Liability
- Reputational harm
- System business interruption
- System damage
Contact our Cyber Broker for more information and to get started!