Cyber insurance helps protect small businesses from damage, liability, and recovery costs in the event a company’s computer system or electronic data has been compromised. Alternatively referred to as cyber liability insurance, cyber risk insurance, or cybersecurity insurance, this type of coverage helps protect small businesses, their employees, and their customers from computer hackers and other electronic threats.
If your small business handles any sensitive information, such as your employees’ social security numbers or your customers’ credit card information, you could be a target for criminals. Cybercriminal activity is only increasing over time, and adequate cyber insurance coverage is one key step in helping to protect your small business assets.
If your computer data is exposed or stolen, a commercial cyber insurance policy can help protect your business from liability.
Cyber insurance policies vary depending on a small business’s needs.
Helps protect small businesses in the event an employee or customer’s identity is stolen
Helps a small business regain private information if it is the victim of cyber extortion
Helps protect small businesses against lawsuits and helps mitigate financial loss
While general liability insurance protects you, your business, and your employees in the case of bodily injury, property damage, or personal injury claims, small business owners should consider other types of insurance:
Workers’ compensation insurance provides medical, disability, survivor, burial, and rehabilitation benefits to employees who experience illness, injury, or death due to a work-related incident. In nearly all states, and with few exceptions, businesses are required by law to carry workers’ compensation insurance. Get a workers’ comp quote in 3 minutes
Commercial auto insurance covers liability and physical damage for vehicles owned by your company.
Business owner’s policy (BOP) insurance offers bundled protection from claims related to property damage, fire, personal injury, advertising injury, and other issues.
Pie can help you get the best coverage for your business from our insurance carrier partners. Contact us to get a cyber insurance quote today.
