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1 year ago · by · Comments Off on What does a Cyber Liability policy cover?

What does a Cyber Liability policy cover?

Now in its 18th year, Cybersecurity Awareness Month continues to raise awareness about the importance of cybersecurity across our nation. This year’s theme is ‘Do Your Part. #BeCyberSmart’, helping to empower individuals and organizations to own their role in protecting their part of cyberspace.

In this video, Corey Valvano from Joyce Insurance Group and Dante DiGiamberardino from Evolve MGA discuss how a cyber liability insurance policy protects you, in the event that your business is exposed to a ransomware attack. Dante and Corey also talk about what a ransomware attack looks like, along with the average downtime and hostage fees businesses could expect. Lastly, we ask the question how does a business owner know if they are vulnerable to cyber liability exposure?

 

Test Your Risk – Take A Free Cyber Assessment

We offer a Cyber Insurance Program that can help better protect your business. For more information contact us at (570) 655-2831.

Read more

1 year ago · by · Comments Off on Why is Cyber Liability Insurance Important?

Why is Cyber Liability Insurance Important?

Now in its 18th year, Cybersecurity Awareness Month continues to raise awareness about the importance of cybersecurity across our nation. This year’s theme is ‘Do Your Part. #BeCyberSmart’, helping to empower individuals and organizations to own their role in protecting their part of cyberspace.

In this video, our Commerical Lines Manager Corey Valvano and Charlie Sturm from Socius Insurance discuss why is cyber liability insurance is becoming more important in a post-COVID world. They also discuss the effects of ransomware, business interruption, and social engineering and how these events could impact your business. Lastly, Corey and Charlie cover the misconceptions of cyber risk as related to small businesses and coverage limits.

Cybercriminals are very good at getting information from unsuspecting victims. A cyber liability insurance policy can cover costs associated with the liability of a claim or suit related to a data breach.

Test Your Risk – Take A Free Cyber Assessment

We offer a Cyber Insurance Program that can help better protect your business. For more information contact us at (570) 655-2831.

Read more