A business owner has an obligation to keep employee and customer information confidential. If that information is revealed or stolen in a cyberattack, the business might be held liable for damages. Cyber liability insurance provides coverage if a business is the victim of a cyberattack. A cyber...
Many small businesses can buy cyber insurance for about $1,740 per year.1Thepremiumyour company will pay for a policy depends on several factors, including the size and nature of your business, the amount of sensitive data you handle, and the security measures you have in place. A plumbing...
Small business cyber insurance: Is it really needed? There may be a perception that smaller firms are less likely to be targets for bad actors, slipping under the net while they focus on frying bigger fish. However, according toSecurity Magazine, 43% of all cyberattacks target small businesse...
Some insurers offer cyber insurance as an add-on to a business owner’s policy, but you can also purchase this coverage separately. Here's what cybersecurity insurance covers and where you can buy a policy. » MORE: Small-business insurance: What coverage do you need? Looking for tools ...
Partner for You Even with the best protection, it’s always smart to have a backup plan. SentinelOne customers may receive preferential policy terms or discounts on cyber insurance from leading providers such as Chubb, Beazley, Cowbell, and more. Learn More ...
The prices are reasonable, and I like the fact that they shop for the best deal. Also, the agent clearly had a sense for which firms would likely be the best fit for my needs." Dennis M. - Consultant, Strategic Planning Corner to corner insurance coverage for your small business General...
4. Learn what it takes for your policy to kick in Like health and car insurance, certain terms and conditions must be met before coverage is triggered. Determine if you need a policy with blanket coverage or one that focuses on specific types of attacks. If there are exclusions to your po...
These are some common options in liability insurance: Litigation coverage. A litigation package covers the costs of any obligations associated with a data breach, including court judgments, lawsuits, penalties and fines. Regulatory coverage. This type of coverage is for the costs of forensic and ...
“Cyber insurance typically contains ‘business interruption’ coverage,” said Andrew Lipton, vice president and head of cyber claims atAmTrust Financial Services. “Depending on the wording of the policy, a small business could expect to be covered for lost business income during a given time per...
ACTIVE INSURANCE Comprehensive cyber insurance coverage tailored for your business We offer pay-on-behalf coverage, pre-claims assistance, tailored policies, and more to help protect your organization from fast-moving digital risks, including those posed by artificial intelligence and deep fakes.* ...