The Importance of Cyber Coverage
NAS Insurance’s 2019 Cyber Claims Digest reported that cyber claims among its non-healthcare policyholders grew by a staggering 38%. Cybercrime claims, across both the healthcare and non-healthcare segments, were up 68% over 2017, led by financial fraud, which saw a 79% rise.
One study found that 43% of cyber-attacks target small business, and 60% of small companies go out of business within six months of a cyber-attack.
The truth is Cyber claims are on the rise for all sized commercial accounts. Just recently, another US city elected to pay a ransom to hackers that took over their entire system and encrypted their data.
Read the story here: http://bit.ly/CYBER2WTOPz3
Most of our commercial customers will purchase General Liability coverage to protect themselves for potential lawsuits or claims. They will also purchase professional liability insurance to protect themselves for costly errors, negligence, or malpractice. Workers’ compensation insurance is necessary when you have employees. With the over whelming amount of cybercrime, why don't they purchase cyber insurance to help protect them from First and Third party claims?
Here are three top reasons why you should invest in Cyber Insurance:
Data breaches are costly. Small businesses lose $80K on average to Cybercrime according to the Better Business Bureau’s 2017 State of Cybersecurity Among Small Businesses in North America report.
Cyber incidents are on the rise and are increasing in severity. Colorado ranked 9 in the Top 10 States in 2018 with 9,328 Cybercrime Victims. (1)
(1) Based on the total number of complaints submitted to the Internet Crime Complaint Center via its website from each state and the District of Columbia where the complainant provided state information.
Source: Internet Crime Complaint Center.
Don't believe that Cyber Security is the same as Cyber Insurance. All the technology solutions you can implement and awareness training you can provide your employees will not completely eliminate your risk from cyber threats.
We have options for all sized commercial accounts, packaged coverage as well as build your own, and several price points to choose from.
One study found that 43% of cyber-attacks target small business, and 60% of small companies go out of business within six months of a cyber-attack.
The truth is Cyber claims are on the rise for all sized commercial accounts. Just recently, another US city elected to pay a ransom to hackers that took over their entire system and encrypted their data.
Read the story here: http://bit.ly/CYBER2WTOPz3
Most of our commercial customers will purchase General Liability coverage to protect themselves for potential lawsuits or claims. They will also purchase professional liability insurance to protect themselves for costly errors, negligence, or malpractice. Workers’ compensation insurance is necessary when you have employees. With the over whelming amount of cybercrime, why don't they purchase cyber insurance to help protect them from First and Third party claims?
Here are three top reasons why you should invest in Cyber Insurance:
Data breaches are costly. Small businesses lose $80K on average to Cybercrime according to the Better Business Bureau’s 2017 State of Cybersecurity Among Small Businesses in North America report.
Cyber incidents are on the rise and are increasing in severity. Colorado ranked 9 in the Top 10 States in 2018 with 9,328 Cybercrime Victims. (1)
(1) Based on the total number of complaints submitted to the Internet Crime Complaint Center via its website from each state and the District of Columbia where the complainant provided state information.
Source: Internet Crime Complaint Center.
Don't believe that Cyber Security is the same as Cyber Insurance. All the technology solutions you can implement and awareness training you can provide your employees will not completely eliminate your risk from cyber threats.
We have options for all sized commercial accounts, packaged coverage as well as build your own, and several price points to choose from.
To learn more about Cyber insurance click on the photo above.
Please call us to be connected with one of our insurance professionals.
Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Surrounding States: 877-643-6148
We are "Your Link to Security!"
Please call us to be connected with one of our insurance professionals.
Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Surrounding States: 877-643-6148
We are "Your Link to Security!"
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