In 2021, a business will fall victim to ransomware every 11 seconds.
Cyber liability insurance is an essential component of your risk management program if you rely on technology for your business every day. When cyberattacks like data breaches or hacks occur, they can result in devastating damages and revenue loss.
No organization is immune to the impact of cybercrime. 55% of ransomware attacks were on businesses with less than 100 employees and averaged $233,817. Don’t let your business be one of these statistics.
Cyber exposures aren’t going away and, in fact, continue to escalate. Businesses need to be prepared in the event that a cyber attack strikes.
Does my business need Cyber Liability Insurance?
Yes! It is important that your Cyber Liability Insurance policy includes ALL the following cyber coverages:
- Forensic Cost
- Data Breach Attorneys
- Data Rebuild
- Business Interruption
- Wire Transfer Fraud
If you lack coverage for any of the above cyber exposures, connect with us below for a complimentary consultation.