Cyber Exposure

Cyberattacks are a growing threat for businesses of all sizes. Our team will assess your cyber risks, develop a comprehensive risk management plan, and provide you with customized cyber liability coverage options to protect your business.

As technology becomes increasingly important for successful business operations, the value of a strong cyber liability insurance policy will only continue to grow. The continued rise in the amount of information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses. In an age where a stolen laptop or hacked account can instantly compromise the personal data of thousands of customers or an ill-advised post on a social media site can be read by hundreds in a matter of minutes, protecting yourself from cyber liability is just as important as some of the more traditional exposures businesses account for in their general commercial liability policies.

Cyber Exposure

Traditional Business Liability won't cut it

Cyber liability insurance is specifically designed to address the risks that come with using modern technology; risks that other types of business liability coverage simply won’t.

Cyber Liability Insurance

Our cyber liability insurance coverage provides financial protection in the event of a cyber incident or data breach. This coverage can include costs associated with data restoration, notification expenses, legal fees, and regulatory fines and penalties.

Employee Training and Education

We offer employee training and education programs to help your team understand cyber threats, how to identify them, and how to prevent them. Our programs include phishing and social engineering training, password security training, and best practices for data security.

Our Cyber Exposure Solution includes the following coverages:

  • Data breach response and recovery
    Fast and efficient response to mitigate the impact of a data breach and recover lost data.
  • Cyber extortion and ransomware
    Protection against cybercriminals who extort money by encrypting data or threatening to publish sensitive information.
  • Business interruption and extra expense
    Coverage for financial losses resulting from a cyber attack that disrupts business operations.
  • Network security liability
    Coverage for claims arising from security breaches, such as unauthorized access, viruses, or malware.
  • Media liability
    Protection against claims of defamation, infringement, or other media-related issues.
  • Technology errors and omissions
    Coverage for claims arising from errors or omissions in technology-related services or products.

Why Cyber Liability Insurance?

A traditional business liability policy is extremely unlikely to protect against most cyber exposures. Standard commercial policies are written to insure against injury or physical loss and will do little, if anything, to shield you from electronic damages and the associated costs they may incur. Exposures are vast, ranging from the content you put on your website to stored customer data. Awareness of the potential cyber liabilities your company faces is essential to managing risk through proper coverage.

Contact BIG

To discuss how you can implement a cyber liability policy that fits your business needs.

Contact BIG

To discuss how you can implement a cyber liability policy that fits your business needs.