Cyber Insurance Coverage

 

Cyber Insurance Coverage

 

 

 

 

 

Cyber Insurance Coverage. With an estimated cyber-attack occurring every 19 seconds, your business requires a robust cyber insurance policy to keep you safe and able to recover from cyber incidents.

Our Agency writes with several companies that offer cyber liability coverage, including Cowbell Cyber.

Cyber Liability Coverage

  • Security Breach Expense
  • Security Breach Liability
  • Restoration of Electronic Data
  • Extortion Threats
  • Public Relations Expense
  • Computer and Funds Transfer
  • Business Income & Extra Expense
  • Social Engineering
  • Ransom Payments
  • Hardware Replacement Costs
  • Telecommunications Fraud
  • Post Brach Remediation Coverage

Stand-alone cyber insurance coverage is not as expensive as you may think. Give us a call to talk about what we can offer to help protect your business from cyber threats.

Cyber Business Coverage

 

Cyber Business Coverage

The cyber insurance market is evolving at a rapid pace. Three significant cyber attacks took place since March 2021, raising awareness of cyber for all businesses. Even Federal Reserve Chairman Jeremy Powell stated that the next major threat to the economy is cyber in a 60 Minutes Interview:

  1. Microsoft Exchange Hack (3/2/2021) – A vulnerability in the Microsoft Exchange email servers exposed over 30,000 business’ internal data to hackers.
  2. Colonial Pipeline Attack (5/7/2021) – The Colonial Pipeline Attack impacted nearly half of the East Coast’s fuel supply and shut off their pipelines for 11 days. This event highlights how ransomware attacks are leading to greater cyber risks.
  3. VMware Exploit (6/4/2021) – A VMware vulnerability with a severity rating of 9.8 out of 10 was exploited by cybercriminals to launch attacks on organizations using VMware.

These events signify the growing risk of cyber threats. No business, big or small, is immune from cyber incidents which can be devastating. Businesses need robust and customized cyber coverage, so they can return to normal operations quickly after an incident.

We have companies that offer standalone cyber insurance that can be customized to match the needs of any business, and can help protect you from evolving cyber threats.