Why You Need Cyber Threat Protection

Cyberattacks threaten your business operations, revenue stream, intellectual property, client data and reputation. Protect your company from digital hazards.

• Cyberattacks are relentless. Organizations receive an average of 2,992 security alerts daily, according to the cybersecurity company Vectra AI.

• Hacked once? Expect a return visit. In an IBM study, 83% of companies that experienced a data breach were hit multiple times.

• The cost of recovering from a cyberattack is more than paying a ransom. In 2024, cybercriminals hacked Change Healthcare, compromising the health data of one-third of Americans. Change Healthcare paid the hackers $22 million in Bitcoin to unlock data, without a guarantee that the data hadn’t been copied or sold. The total cost of the breach: $3.09 billion.

• Cyberattacks can lead to bankruptcy. A 157-year-old college in rural Illinois was forced to close after a ransomware attack locked them out of their data. They never recovered from the lost enrollments and network damage.

What a cyber policy can do for your business

A well-structured cyber policy can help with:

• Lost income

• Customer data breach notifications (legally required in most states)

• Free credit monitoring for affected customers (legally required in most states)

• Legal defense, state fines, damages and settlement awards

• Reputational damage and public relations support

• Restoration of computers and networks

• Technology improvements to prevent future hacks

Our agents can help you decode complex cyber jargon and match you with a customized policy.

Apply in confidence

Insurance companies will scrutinize your cybersecurity. They’ll ask questions like:

• How much personal data do you collect and store, including paper files?

• Do you use antivirus software, strong passwords and multifactor authentication?

• Do you have a written cyber incident response plan?

Evaluate your cyber hygiene before submitting your application. We’ll help you prepare and put your best foot forward.

Call us for cyber coverage

Call us for a no-obligation coverage review. Let us help you get coverage that fits your risk and your budget.

This content is for informational purposes only and not for the purpose of providing professional, financial, medical or legal advice. You should contact your licensed professional to obtain advice with respect to any particular issue or problem.

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