Small Business Cyber Security Insurance

We offer three cyber insurance coverages and services.
Small business cyber security insurance. The coverage included in cyber liability insurance pays these costs allowing your company to survive a breach. Speak with a licensed insurance agent. Cyber protection which protects. Call a licensed agent.
What does cyber liability insurance cover. Other factors that can affect your rate include network security data access and claims history. Cyber security insurance also knows as cyber liability insurance is designed to protect small businesses against many kinds of cyber attacks including business interruptions data breaches cyber crimes etc. M f 7am 10pm et.
Cyber shield from federated insurance is a two part coverage program designed to help provide essential protection against many of the critical cyber and privacy exposures businesses face. For example a high risk business needing 3 million in coverage can expect to pay more than a low risk business needing 250 000 in coverage. Cybersecurity and small business jpg. In fact the average cost of a small business data breach is 86 500 according to the internet security firm kaspersky labs.
Many small business owners dismiss this insurance as something that only big companies have to worry about. Cyber insurance cost depends on your business s exposure to cyber risk and your coverage needs. Data compromise protection which includes credit monitoring and services provided by a public relations firm. Identity recovery protection which helps victims of identity fraud restore their credit history.
A data breach at a small business can end up costing thousands of dollars in customer notification expenses attorney s fees and fines or settlements. Many cyber liability policies provide both first and third party coverage. Data compromise coverage and cyber coverage can help your company recover from intentional or accidental breaches. Cyber insurance coverage can cover a broad range of information security related claims including data breaches network failures and media or content liability.