The Department of Homeland Security’s website identifies Cybersecurity Insurance as a tool – designed to mitigate losses from a variety of cyber incidents, including data breaches, business interruption, and network damage. This broad definition affects every company that could be sued for an employee or an intruder using your clients’ information for illegal purposes. Remember that with today’s technology an intruder doesn’t have to throw a brick through your window – they could just compromise your wifi signal, send a virus in an email, use a skimmer to take your information or use some other new technology that will be invented tomorrow.

Most insurance companies will try and sell you different packages, but Black’s Insurance is dedicated to providing you peace of mind. We take the time to sit down with you and understand your current exposure and craft a plan around meeting your needs. Sometimes a general Business Owners Policy which encompasses; business liability and business income is enough to safeguard your company. If that’s all you need, we will gladly let you know. But if your company needs greater security we will work hard to show you all of your options to make sure you’re fully covered. In this digital age, opening the wrong email can be the beginning of the end for your business. Gone are the days where a password on your desktop was enough to ensure security, so how are you protecting yourself against ALL of these issues?

Small Business Cybersecurity facts to consider:

A cybersecurity team of more than 1,000 staffers with a budget of $250 million wasn’t enough to save JPMorgan Chase from getting hacked in 2014
About 60 percent of small businesses that suffer a cybersecurity attack go out of business within six months
The last five years have shown a steady increase in attacks targeting businesses with less than 250 employees.

Black’s Insurance works only with A-rated insurance companies to provide many types of coverage including a complete range of Cybersecurity Insurance protections. For your Cybersecrity Insurance needs to be met, you will need some of the following:

• Corporate Data Risk
• Business Interruption
• Cyber Extortion
• E-Commerce Extortion
• Communications and Media Liability
• Computer Program and Electronic Data Restoration Expenses
• Computer Fraud
• Regulatory Defense Expenses
• Product Liability
• Personal Identity Coverage
• Network Security
• Privacy Liability
• Security Breach Remediation and Notification Coverage

It’s likely that your insurance needs extend past what we’ve identified above. It’s best to contact us so we can discuss your company’s Cybersecurity Insurance needs and which products will directly benefit your business. We are an independent insurance agency that will take the time to assess your current and future needs while working to help you stay protected for years to come. You’ll receive fast, personal attention from our agents throughout the initial policy implementation process. As your business changes, we’ll help update your policy along with it. And once your Cybersecurity Insurance policy is in place Black’s Insurance will review it annually to make sure you’re still getting the best price and the best coverage available.